Soybean futures rally on Monday, up 6 to 7 cents, following a strong close last week. Open interest increases, with January up 1 ¾ cents. Soybean crop progress in Argentina at 4.4% planted, behind last year. Brazil at 61% planting progress, lagging behind last year’s pace.

EPA grants full exemptions to 2 refineries and 12 partial exemptions, clearing small refinery exception backlog. Soybean futures prices fluctuate, with contracts up in front months. Soy Oil futures also rise, with December gaining a penny for the week.

Soybean prices close at $11.01 3/4, up 10 cents, with cash prices at $10.43 3/4, up 9 3/4 cents. January 26 Soybeans close at $11.17, up 9 1/2 cents, while March 26 Soybeans close at $11.25 3/4, up 8 1/4 cents. Austin Schroeder has no positions in securities mentioned.

Read more at Yahoo Finance: Soybeans Trading with Monday AM Strength