The entire soybean complex is trading higher to sharply higher at midday. The market is hopeful export sales will continue after USDA announced a sale of 240,000 metric tons of old crop soybeans on Tuesday. The sale is for delivery this marketing year to unknown destinations. Russian – Ukrainian tensions are giving an added boost to the soybean oil market with the likely lack of sunflower oil coming out or Ukraine. Expected poor South American soybean production continues to give the market positive momentum.
