Soybeans Rally on Monday Amid Export Sales and Weather Outlook
Soybeans posted gains of 7 to 11.5 cents per bushel amid a private export sale to China reported by USDA, while soybean meal futures fell slightly as oil prices rose sharply. The rally was supported by dry weather forecasts in key U.S. growing regions and increased speculative long positions.
Topics: commodity_prices export_sales soybeans