Soybeans were higher on commercial and technical buying. Beans are a little oversold after last week’s drop, with planting in Brazil about 75% complete, but still slower than normal. Parts of northern and central Brazil have recently received some rain, while there’s been less rainfall in southern areas, but some damage has likely been done. There will need to be replanting in key growing areas areas and there is talk of some farmers switching from soybeans to cotton.
