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• India Pepper finishes down on higher production concerns
• India Jeera settles higher on rising spot demand
• MCX Aluminum trades in narrow range on lackluster market
• India Chana gains on lower output concerns

CHICAGO (Commodity Online): Soy product futures drift lower, mirroring price movements in soybean futures.

USDA's smaller-than-expected cut in South American soybean production estimates and beneficial rains moving through the region took crop fears out of the market, analysts say.

Absence of new crop threats produced some consolidative price action, with Soymeal and soyoil ending near unchanged levels.

CBOT March soymeal ended down $0.70 lower at $321.00/short ton, March soyoil finished 0.04c lower to 52.54c/lb.

Courtesy: CME group

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