Soybeans were higher on speculative and technical buying. Most forecasts have a return to drier weather in Argentina, with only scattered rain over the next couple of weeks. Conditions have improved slightly and recent rain could help second crop beans, but there’d need to be a sustained pattern shift. Rainy conditions in parts of Brazil have delayed soybean harvest activity. ABIOVE left its outlooks for Brazil’s crop, crush, and exports unchanged at 152.6 million tons, 52.5 million tons, and 92 million tons, respectively.
