Soybeans were higher on commercial and technical buying. Domestic demand is solid and bean oil saw a bounce off of the recent six months lows despite heavy deliveries against the March contract. Bean oil, and beans, were responding to renewable rumors, closing below session highs after those rumors were unofficially officially refuted. The market’s bracing for the impact of South American supplies on the export market. Soybean meal and oil were higher.
Corn was higher on commercial and technical buying.
Continue reading Soybeans, corn up, but below session highs at Brownfield Ag News.
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