Soybeans were higher on commercial and technical buying, with the highest close for a November contract in four years and strong weekly gains across the pit. The USDA made bigger than expected cuts to U.S. production and ending stocks, with harvest activity expected to make a decent advance in most areas over the next few days. The South American production and export numbers were unchanged, but that could change because of weather, while the import estimate for China was raised 1 million tons to 100 million.

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