Wheat, soybeans extend gains

Soybeans were higher on commercial and technical buying. U.S. soybean planting remains slower than average, even after good progress in some areas last week. It’s still relatively early in the season, but there’s talk about replanting due to wet weather in parts of the region. Crush demand is strong thanks to solid margins and export demand is good. NOPA’s April member crush was down on the month, due in part to high prices and tight supplies, but it was still the second largest crush for that month on record.

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