SOYBEAN COMPLEX FUTURES RALLY BUT THE OUTLOOK FOR WORLD VEGETABLE OIL REMAINS BEARISH

Soybean futures rose almost two percent on Wednesday as technically driven buying following yesterday’s 10-year low helped drive prices higher. The gains helped lift product prices with soybean meal futures up almost two percent and soybean oil futures up a little less than 1/2 percent. Prices in the complex were also supported by the idea…