Soybeans were mixed, mostly modestly lower, with nearby months down and far off deferred contracts up. Beans adjusted spreads, watching planting weather in Argentina and Brazil, along with harvest conditions in the United States. Planting conditions look good in most of South America, while the U.S. harvest pace should pick up steam again after some recent delays. The International Grains Council pegs 2020/21 world soybean production at 370 million tons, compared to 373 million in September, on smaller crops in the U.S., Argentina, India, and Ukraine.

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