Soybeans were mostly lower, adjusting old crop/new crop spreads. Beans continue to monitor planting weather in South America and harvest activity in the U.S. The USDA reports 87% of soybeans have been harvested, compared to 83% both last week and for the five-year average. AgRural says 42% of Brazil’s soybean crop is planted, up solidly on the week, but still a little bit behind average. Safras e Mercado estimates Brazil’s 2020/21 soybean crop at 133.5 million tons, an increase of 1.3 million from their last guess.

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