Corn, soybeans up on slow planting paces

Soybeans were sharply higher on commercial and technical buying. Beans followed soybean products and palm oil, which were supported by tight supplies and solid demand. There’s talk, but no confirmation, Indonesia will also suspend exports of crude palm oil, along with refined, which would further tighten the global supply with sunflower exports from Ukraine halted by Russia’s invasion. That pulled July soybean oil to a contract high, with the strength in beans and bean oil pulling soybean meal from its early doldrums.

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