Soybeans lifted by exports plus more gains in soybean oil: Podcast

Corn and wheat futures also advance on Wednesday.

Soybeans were higher Wednesday to recover what they lost the day before, with support coming from another big export sale and more gains in soybean oil. The U.S. Department of Agriculture said unknown destinations bought 6.8 million bu. of the 2016 harvest. That is the second big sale reported this week.

Soybean oil was higher again and near a two-year high in reaction to higher palm oil markets and a late canola harvest in Canada.

The corn and wheat markets had modest gains near midday.

Bob Burgdorfer of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.

 
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