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Agriculture Biodiesel US

US beans start new crop year on multi year high stocks

A US soybean stocks ended the 2014/2015 crop year up 108% YoY at 191mn bu (5.2mn t), the highest carryover since 2011. With the market starting the new crop year sitting on its highest inventories in five years, soybean prices have remained close to their lowest levels since mid-2007. The soy market meanwhile is digesting…

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