Soybeans reclaim some of the recent losses


 

Soybeans were higher on commercial and technical buying, along with the strength in soybean meal, bouncing off the recent multi-year lows. The trade’s monitoring U.S. crop weather, with flash flooding recently reported in some areas and continued dry conditions in others. Trade tensions with China are also a factor. Soybean meal was sharply higher on commercial buying, while oil followed meal and beans higher. Additionally, bean meal could benefit from the European Union tariff on corn.

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