Soybeans were mostly lower on spread adjustments, May and July firm and the other months weak to modestly lower. Brazil’s harvest is more than 60% complete and their prices remain at a significant discount to U.S. supplies. Dry parts of Argentina are expected to get some rain this week ahead of harvest activity getting underway. Shipping delays are being reported out of Argentina’s main port in Rosario as the government closes its borders to fight the spread of coronavirus.
