Ad Astra Brands

Wheat resumes lower trend


Soybeans were mixed, mostly firm, consolidating. Beans are watching U.S. planting, with more rain in the forecast for some areas, further pushing back activity. Crush margins have narrowed due to tight near-term supplies but remain in positive territory. Soybean meal was higher and bean oil was lower on adjustment product spreads. That weakness in bean oil is despite the continued tight global supply of vegetable oils because of a lack of sunflower oil exports from Ukraine and uncertainties about palm oil sales by Indonesia and Malaysia.