Pro Farmer
Short-term trend is bearish for soymeal.
Soyoil futures extended Friday’s strong gains that were tied to EPA’s proposed biodiesel mandate.
Both events triggered significant market moves.
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The proposed biomass-based biodiesel mandates fueled a surge in soyoil futures.
Bean oil is leading strength this morning, pulling soybeans higher
Corn, soybeans and wheat each traded higher early in the overnight session, supported by strength in the overall commodity marketplace as Israel launched a widespread attack against Iran.