July Soybeans finished up 37 at 1379 1/2, 3 off the high and 44 3/4 up from the low. November Soybeans closed up 36 1/2 at 1325 3/4. This was 40 3/4 up from the low and 3 1/4 off the high.

July Soymeal closed up 11.7 at 350.2. This was 15.8 up from the low and 0.8 off the high.

July Soybean Oil finished up 0.82 at 62.1, 0.18 off the high and 1.33 up from the low.

Soybeans opened higher and moved sharply higher into mid session. Prices remained near the highs until late in the session when old crop moved to new highs on the day. This pulled new crop soybeans higher as well, reversing the pattern set earlier in the day when new crop November was the leader. Meal also moved into new highs for the day late in the session and took price leadership away from soybean oil in the process. Oil remained under its early highs into the close, but it too closed sharply higher. Weather remained the primary influence today according to floor traders with the accelerating pace of planting for corn bringing ideas that there will be little or no late shift in acres to soybeans as many traders had previously feared. Tomorrow morning, the National Oilseed Processors Assn. (NOPA) will release its report detailing monthly crush and oil stocks for April. This morning, the USDA Crop Progress Report showed that soybeans were 11% planted as of Sunday compared to the 10-year average of 27%. Basis levels were generally steady to weak in the Midwest today.