Soybeans were higher on commercial and technical buying. The tight supply and solid demand continue to be the big bullish factors, with help from a higher move in bean oil. That was on spillover from crude oil along with the generally bullish global supply and demand outlook for vegetable oils. Ukraine is normally the world’s biggest exporter of sunflower oil but remains mostly locked out of the market by Russia’s invasion. Russia’s Ministry of Agriculture says it will raise its export tax on sunflower oil.

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