Soybeans up on fundamentals

Soybeans up on fundamentals

Soybeans were higher on commercial and technical buying, finishing near the highs of the session. Beans followed through on Monday, with help from global vegetable oils, especially palm oil, which also supported soybean oil futures. Domestic crush margins are solid, supplies are tight, export demand is good, and near-term forecasts for South America are generally dry, including a chance for colder weather in parts of Argentina. That drier stretch should help planting pick up steam in Brazil.

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