Soybeans ended the day higher, supported by strength in the bean oil and bean meal markets. Expectations that the capacity for renewable diesel will be expanded are very supportive of soybe3an oil. The U.S. export pace remains sold as sales are up 4% year-over-year. Soybean crush margins are very profitable. The uncertainty in the overnight weather forecast heading into Tuesday for Argentina was supportive, but there are concerns as Brazil’s weather remains supportive of a huge soybean crop in parts of South America.
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