Corn, wheat, soybeans extend rally

Soybeans were sharply higher on commercial and technical buying. Beans continued to react to the strength in world vegetable oils, with Ukraine a major exporter of sunflower oil, in addition to canola oil. The sharply higher move in crude oil also played into the gains in vegetable oils. China bought another 264,000 tons of new crop U.S. beans, pushing the running total over the last three business days to 1.139 million tons, 860,000 of that for 2022/23 delivery.

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