Solid gains for soybeans, wheat

Soybeans were sharply higher on commercial and technical buying. Soybeans continued to bounce off the recent lows, helped out Tuesday by the strength in soybean meal and the lower dollar. Soybean oil was down early but rallied with gains in crude oil. The USDA reports Friday are expected to show higher planted area and tighter stocks. The trade continues to monitor harvest activity in Brazil, now close to 80% complete, along with the conditions in Argentina.

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