Soybeans were sharply higher on commercial and technical buying, extending the run to new highs. The big drivers continue to be the tight near-term supply and solid global demand for beans and vegetable oils. Soybean oil was sharply, including a limit up finish for the May contract, and bean meal was higher. The USDA says 8% of U.S. soybeans are planted, compared to 3% a week ago and the five-year average of 5%. Unknown destinations bought 120,000 tons of new crop U.S.
