Soybeans are higher to recover what they lost the day before with support coming from another big export sale and more gains in soybean oil. USDA said unknown destinations bought 6.8 million bushels of the 2016 harvest. That is the second big sale reported this week. Soybean oil is higher again and near a two-year high in reaction to higher palm oil markets and a late canola harvest in Canada.
Corn and wheat markets have modest gains near midday.

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Corn and wheat markets have modest gains near midday. (Photo: lukas_zb/Thinkstock)

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

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