Soybeans were higher on commercial and technical buying, pulling contracts to a modest week-to-week gain. The USDA sees larger new crop U.S. production and ending stocks, but also projects better export demand. The USDA is projecting a lower 2024/25 farm price, largely on those supply factors. Still, there are several months until the new marketing year gets underway. Stateside, the trade is waiting to see how much planting progress was made in Monday’s USDA weekly crop progress and condition report.
