Soybeans finished Monday higher, stringing together back-to-back days of higher business. Soybeans found support from strength in products and the broader markets. The market is also anticipating the data of Friday’s Prospective Plantings and Grain Stocks reports from the USDA. While Brazil’s record soybean harvest is well past the mid-point, there are a lot of eyes on Argentina. The estimated crop is dismal and there could be further cuts to yields coming.
Corn futures ended the day higher as another round of export sales was reported.