Soybeans were sharply higher on commercial and technical buying. Contracts continued to follow the lead of the global vegetable oils market. The near-term U.S. soybean supply remains tight, while harvest is ongoing in Argentina and Brazil. The NOPA’s March member crush is out Thursday, with an average guess of 179.2 million bushels, compared to 155.16 million in February. There’s more talk some crushers will need to import soybeans, likely from South America, to meet domestic demand.
