AgResource Soybean Comment and Analysis
Soybeans Extend Gains on Tight Old Crop Stocks: Old crop soybean futures gained 16-18 cents on Monday, supported by tight old crop stocks and a rally in soyoil. The USDA made a rare soybean oil export announcement of 44 Mil Lbs that were sold to an unknown destination. Soybean export inspections fell to 18.4 Mil…