Chicago Board of Trade soyabean futures were up the second straight session on Friday, buoyed by investment fund buying linked to expectations for a smaller Argentine soya harvest, traders said. Soyabeans were further supported by bargain hunting in the wake of soya's roughly one-month low on Wednesday.
Soyabeans on a continuous chart were about 0.8 percent higher for the week, after declining by 3 percent last week. Open interest in soyabean futures surged in the May and July contracts during Thursday's session of higher prices, suggesting investors were making new long or bullish bets, CME Group data showed on Friday. Soyaoil futures were lower and soyameal slightly higher in oil-meal spreading.
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