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Soybean futures opened Thursday with 3 to 6 cent losses after closing Wednesday higher. USDA data showed US soybean yield raised 0.2 bushel per acre to 53.3 and ending stocks cut 15 million bushels to 300 million on higher exports.
Tighter US ending stocks support soybean prices, though the early pullback reflects profit-taking after the USDA-driven rally and a smaller-than-expected yield increase. Soymeal and soyoil moves are mixed.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.