1. Continued strong soybean demand, both from domestic processors and overseas buyers, will keep supplies tight, the USDA figures show. 2. Soybean futures initially rose on strong soybean oil prices tied to good world demand for vegetable oils. 3. Soybeans were helped by strong soybean oil prices and slower-than-expected sales of soybeans by Brazil, a major U.S. competitor. 4. Strong soybean markets and rising prices for cash corn have allowed corn futures to stem their two-month decline, traders said. 5. Corn futures prices also opened slightly higher, mostly because of the strong soybean push. 6. Soybeans futures prices initially gained on strong soybean oil prices tied to good world demand for vegetable oils. |
|