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CHICAGO (Commodity Online): Soy product futures bounce with soybeans, buoyed by positive outlooks for demand.

US soy products are benefiting from higher South American prices, with meal also supported by optimistic outlooks for domestic livestock demand, with DDG supplies seen lower this year from an expected reduction in ethanol output, analysts say.

CBOT March soymeal ended up $3.70 at $315.70/short ton; March soyoil finished up 0.66c to 51.06c/pound.

Courtesy: CME Group

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