Soybeans headed into the long holiday weekend up 4 1/2 cents after trading lower most of the week. That’s largely been influenced by the return of a wetter forecast to parts of South America. The disruption of exports into Mexico was also pressuring prices. Sales and shipments of soybeans are running behind year-ago levels as U.S. beans continue to compete with Brazilian soybeans from earlier this year. Traders are looking ahead to Brazil’s CONAB estimates, which come out early in January 2024.
