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On September 25, soybean prices closed higher, with Sep 25 Soybeans at $10.13 1/2 (up 7 cents) and Nov 25 Soybeans at $10.33 3/4 (up 6 3/4 cents). The USDA reported soybean export shipments at 452,151 MT for the week ending September 4, down 8% from the previous week, but 23.78% higher than the same week last year. Key export destinations included Mexico (134,784 MT), Indonesia (75,160 MT), and Japan (58,617 MT).
As of Sunday, 97% of the US soybean crop had set pods, with 21% dropping leaves, 1% behind the normal pace. The NASS reported a 1% decrease in crop condition ratings to 64% good/excellent. Meanwhile, China imported 12.28 MMT of soybeans in August, reflecting an increase from July and a 1.15% rise from last year.
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