Soybeans were higher on fund and technical buying. Contracts bounced off of the recent lows, with help from strength in global vegetable oils. That demand linked strength in canola and palm oil also buoyed soybean oil, in addition to a higher move in energies. Soybean meal was modestly lower on product spread adjustments linked to the comparatively slow demand. StoneX projects this year’s U.S. crop at 4.436 billion bushels with an average yield of 51.3 bushels per acre, both up from their prior expectations.

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