Soybeans follow soybean and crude oil higher

Soybeans were higher on fund and technical buying. It was an up and down day, but beans were able to rally on the strength in soybean and crude oil. Bean oil was up on strong vegetable oil demand, which have pushed global prices higher, while crude oil was supported by talk of a possible ban on Russia imports by the European Union. APK-Inform says Ukraine’s April sunflower oil exports were 151,529 tons, with another 169,681 tons of oilseeds exported, most of that sunflower seed.

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