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The animal fats and oils market was incredibly dull this week in the aftermath of the extended U.S. Labor Day holiday weekend. Prices were firm to higher in comparison to the week before, although nearby soybean oil futures took a nosedive. Over the course of the week, October soybean oil futures lost more than four percent in value due to a combination of long liquidation and profit-taking that was driven by bearish weather forecasts for the Midwest following this latest heatwave.

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