Vegetable oil markets support soybeans. March 23, 2021
Soybean oil pushed to new contract highs yesterday and today. Soybeans did post a higher trade today but it was 11 3/4 cents off the day's high for the May. We are happy to hear about good demand news but are not sure if it is time to start pricing in hopes for a new energy policy just yet. Also, the trade is likely wanting to sit in neutral now until Tuesday's reports.
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