Soybeans were higher on speculative and technical buying. Demand remains solid with unknown destinations buying 132,000 tons of 2020/21 U.S. beans ahead of the open. That could end up being switched to China when it’s time for delivery. Some rain is in the forecast for parts of South America but planting has already been delayed by at least a couple of weeks, likely extending China’s reliance on U.S. beans into early 2021. Brazil might even end up buying U.S.
