Wheat leads on India export ban

Soybeans were higher on commercial and technical buying. Crush and export demand remain strong, with the domestic supply projected to be near multi-year lows. Planting was expected to remain slower than average in the weekly USDA update. The USDA says 30% of U.S. soybeans are planted, compared to the five-year average of 39%, with 9% emerged, compared to 12% on average. Soybean meal was higher and bean oil was lower on product spread trade. Those losses in oil were despite strong global vegetable oil demand.

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