Broader market bullishness aids soybeans, corn, wheat

Broader market bullishness aids soybeans, corn, wheat

Soybeans were higher on commercial and technical buying, adding to the week’s gains. Beans followed soybean products, with bean oil up on global vegetable oils and fuel prices, including a higher move in diesel due to regionally tight U.S. supplies. Outside markets were also generally supportive of commodities, with a lower move in the dollar against a big gain in crude oil. Soybean crush margins continue to be strong, supporting bean meal, and export demand is good.

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