Commodities trade mostly sideways

Soybeans were softly higher Tuesday with a mixed complex from lower soybean meal. May soybeans were 5 and 1/2 cents higher at $16.96 and 1/2, July soybeans closed 6 and 1/2 cents higher at $16.78 and 3/4, soybean meal closed $4.50 lower at $476.80, soybean oil closed 83 points higher at $74.54. USDA announced the sale of 240,000 metric tons of U.S. soybeans to unknown destinations for the current marketing year. Soybean futures are keeping an eye on the global demand and supply picture.

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