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Soybeans gained 6-9 cents today, boosted by ideas that Brazilian truckers will not get what they are seeking when the Wednesday deadline arrives, thus resulting in a resumption of highway blockades. A Sunday move by China to stimulate the economy by reducing bank reserve requirements was also seen as potentially stimulating import demand in the long run. Weekly US soybean export inspections slowed to only 147,939 MT from 450,365 MT the previous week.Cumulative shipments since Sept. 1 are still 161 million bushels larger than year ago for the same period.
May 15 Soybeans closed at $9.77 1/2, up 8 3/4 cents,
Jul 15 Soybeans closed at $9.79 1/2, up 8 cents,
Aug 15 Soybeans closed at $9.75 3/4, up 7 3/4 cents,