Soybeans manage modest gains with corn, wheat mixed

Soybeans manage modest gains with corn, wheat mixed

Soybeans were modestly higher on short covering and technical buying. Crush margins remain very profitable but long-term soybean demand from China is a concern because of Beijing’s zero-COVID policies. It was an up and down day, with the close tied to the higher move in crude oil. There was early support from higher moves in bean meal and oil, but bean meal was unable to follow through on its early gains and bean oil did finish mostly firm, but beneath the day’s highs.

.