Amanda Brill at Total Farm Marketing said, “Soybeans ended the day higher with gains primarily in the back months and the complex led higher but a sharp increase in soybean meal prices. May soybeans gained 4-3/4 cents to $11.61-3/4 while November gained 10-1/4 cents to $11.41-1/2. May soybean meal gained $10.00 to $321.70 while May soybean oil lost 0.44 cents to 65.53 cents.” ADM Investor Services said, “Chair Powell’s stated that while the oil shock stemming from the war with Iran would boost inflation in the short-term, “the implications of events in the Middle East for the US economy are uncertain.”