Soybeans were higher on short covering and technical buying. Most forecasts have at least some rain in South America, but planting has been delayed, which is expected to extend Chinese reliance on U.S. soybeans into early next year. Brazil is suspending import tariffs for soybeans from outside of the Mercosur trading bloc to shore up crush supplies and lower domestic prices. AgRural says 7.9% of Brazil’s crop is planted, up 4.5% from the previous week, but still slower than average.
