Soybean futures settled sharply higher on Thursday ahead of the USDA monthly crop production report due out on Friday. August Soybeans settled at 1026 1/4, up 29 1/2 cents and November Soybeans settled at 1015 3/4, up 27 1/2 cents. August Soymeal settled at 355.1, up 11.3 and August Soybean Oil settled at 32.37, up 0.68.
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