SOYBEAN FUTURES REBOUND, CORN AND WHEAT FUTURES CONTINUE LOWER

Soybean futures bounced back from Friday’s WASDE-driven decline to finish about 6 1/2 cents higher (3/4 percent) on Monday. The strength in soybean futures helped drive soybean oil prices higher with most contracts settling almost one percent higher. Soybean futures were supported by expectations that USDA would reduce crop conditions in…