Soybeans, wheat end session in positive territory

Soybeans, wheat end session in positive territory

Soybeans were higher on commercial and technical buying. Domestic crush margins are strong, soybean meal and crude oil were up during the session, and China bought 136,000 tons of 2022/23 U.S. soybeans ahead of the open. There are uncertainties about sustained demand from China, but there’s been no evident slowdown, yet. That was the second announced sale of U.S. soybeans this week for a running total of 246,000 tons. The USDA’s weekly export sales numbers are out Thursday morning.

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