Soybeans were higher on short covering and technical buying. Beans were back to focusing on weather and the hot, dry pattern expected to emerge in the Midwest later this week. That could cause at least some stress during key phases of development, potentially lowering yield at a time when the USDA is already projecting a fairly tight carryover. The new marketing year for soybeans, and corn, starts September 1st, while the USDA’s next set of supply, demand, and production numbers is out September 12th.
