Soybeans were higher on commercial and technical buying. Demand is solid and even with recent rainfall, there’s a lot of talk about replanting in northern and central Brazil and a probable return to hot, dry weather. That’s in addition to the wetter than normal conditions in portions of southern Brazil. Some farmers are reportedly replanting some of their soybeans and there’s increased talk of switching from soybeans to cotton, which would eliminate potential second crop corn acreage.
