Soybeans were modestly higher on short covering and technical buying. No new export sales were announced Monday with continued tensions between the U.S. and China likely a contributing factor to the recent slowdown in trade, even with a sizable U.S. price discount to Brazil. Announced sales have been sparse during the latter half of June, with Washington D.C. and Beijing dealing with a number of issues, including the spread of COVID-19, Hong Kong, Taiwan, and if China will meet purchase obligations under phase one of the trade agreement.

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