Soybeans were higher on commercial and technical buying. Contracts were helped out by the higher bean oil and better-than-expected economic data from China along with solid domestic demand. Soybean oil was up on Monday’s NOPA stocks number and a rally in global vegetable oils, while bean meal was mixed on bear spreading. Brazil’s record harvest is entering the late stages with their prices at a huge discount to U.S. soybeans, keeping them in control of the export market.
