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Chicago soybean futures fell 1.8% to $12.95-1/2 a bushel after Beijing omitted soybeans from proposed tariff cuts on agricultural goods. CBOT wheat and corn also fell, while soybeans remained subject to an additional 10% tariff.
November Soybean futures reached new contract highs, driven by strong new crop export demand and weather concerns as key growing regions face hot, dry conditions. While technical indicators show the market becoming overbought with the Relative Strength Index at 73%, weather-driven momentum could continue to influence p