AgResource Soybean Comment and Analysis
Surging World Vegoil Prices Rally Soybean futures: Overnight weakness in soybeans found support at midday as soybean oil futures rallied to sharp gains. New crop soybeans gained 6 cents, with August gaining 11.75. Soybean oil gained $.77-.84/Lb as palmoil rallied to sharp daily gains. The Crop Progress report showed that 76% of the crop was…