Fri Aug 8, 2014 02:11 PM CDT

OUTSIDE MARKETS: The sell-off seen in corn and wheat was unable to spill over to the bean market. Soybeans drifted higher against a dominantly bearish picture as traders cover their shorts and pre-position into next week. China’s recent appetite for soybeans resulted in record imports of 7.47 Million tons in the month of July; this added support to old crop as the nearby supply situation remains tight.

General Comments: Nearing unchanged by noon, cotton spent the majority of its session trending lower after seeing a higher open. Noontime brought short covering ahead of Tuesday’s ...

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