Soybeans were mixed on spread adjustments and a lack of follow through in deferred months. Nearby beans continued to move off last week’s lows, with additional support from higher palm oil heading into Wednesday’s session. Palm oil shot higher overnight, with DTN attributing the jump to increased demand ahead of Ramadan. Deferred months were down on those spread adjustments and the advancing harvest in Brazil, now more than 40% complete. INTL FC Stone estimates Brazil’s crop 124.2 million tons, up 200,000 from their last guess.
