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Soybean futures finished the day 1 to 2 3/4 cents lower, with the May contract settling 3.5 cents off its session low.May bean meal lost $2.70 on the day, but May bean oil was 23 cents higher.The potential for Brazilian truckers to decide to go on strike later this week helped support the US bean market, although politicians are getting more involved and some pundits expect further delays before any concrete action.The Chinese Ag Outlook forecasts continued growth in soybean imports, and expects annual imports to exceed 82.66 MMT by 2024.For context, total projected Chinese soybean imports for 2014/15 were at 74MMT in the April WASDE report.
May 15 Soybeans closed at $9.75 1/4, down 2 1/4 cents,
Jul 15 Soybeans closed at $9.76 3/4, down 2 3/4 cents,
Aug 15 Soybeans closed at $9.73 3/4, down 2 cents,
Sep 15 Soybeans closed at $9.62, down 1 3/4 cents,
May 15 Soybean Meal closed at $315.80, down $2.70,