Soybeans were mostly modestly higher, unable to follow through on the solid gains to start the session. Most forecasts have hot, dry weather in much of the Midwest through the early part of the week, potentially harming the crop. Analysts were expecting a decline in the USDA’s condition rating ahead of the weekly numbers. The USDA says 69% of U.S. soybeans are rated good to excellent, down 3% on the week, with 92% at the pod setting stage, compared to the five-year average of 87%, and 4% dropping leaves, matching the average.

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