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NENE | CHICAGO, June 13 (Reuters) - U.S. soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after the Trump administration proposed biofuel blending requirements that were above trade expectations, analysts said.
Chicago Board of Trade corn futures followed soybeans higher and CBOT wheat rose about 2% on bargain-buying after falling to a four-week low in early moves.
As of 10:54 a.m. CDT (1554 GMT), CBOT July soyoil BON25 was up 3 cents, its maximum daily limit, at 50.61 cents per pound, while July soybeans SN25 were up 25-3/4 cents at $10.68 per bushel.
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Two weeks ago
