Wheat falls as corn, soybeans close mixed

Soybeans were mixed, ending the week mostly lower. Domestic crush demand is strong but beans drifted as bean meal fell from the highs and bean oil was modestly lower relative to the recent gains. Those losses in bean oil were a combination of profit taking and the speculation that Indonesia’s ban on palm oil exports will end in May. Past that – the trade continues to monitor global vegetable oil fundamentals, with the world’s top seller of sunflower oil, Ukraine, mostly out of the market following Russia’s invasion.

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