Another sharply higher finish in wheat

Soybeans were mostly lower on spread trade and profit taking, still finishing the week with strong gains. Beans couldn’t follow through on early gains despite energy and vegetable oil export delays from the Black Sea caused Russia’s invasion of Ukraine. Ukraine is the world’s biggest producer and exporter of sunflower oil and a major seller of canola oil. Crude oil did end Friday’s session sharply higher, supported by the invasion’s impact on energy trade, while bean oil was pressured by profit taking sparked by losses in Malaysian palm oil.

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