Soybeans found their way higher Tuesday largely due to stronger soybean meal prices. Traders continue to watch weather patterns in Brazil. While there are forecasts that a return to the more normal rainy season is near, there are expectations that the next two weeks could be very inconsistent. The market continues to watch speculation of the South American soybean crop. While Brazil’s soybean crop could be lowered, Argentina’s crop continues to improve and is on pace to be larger in 2024.
