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March Soybean Oil is higher by 0.33 at 32.92. Overseas palm oil was higher as the worst Malaysia flooding in 20 years has traders worried over the supply of vegetable oils.
Soybean futures are higher in early trading.
March Soybeans are up 6 cents at 1060.
March Soymeal is trading up 2.7 at 364.5.
Trading is expected to be light during the holiday week.
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