Soybeans were higher on commercial and technical buying. Contracts established new highs early in the session on the strength in the broader market and forecasts for dry weather in parts of South America. Commodity firm Refinitiv has lowered its estimate for Argentina to 48.9 million tons because of lower than expected rainfall totals in some areas. Weekly export numbers were bullish for beans and products. China was the big weekly buyer for beans, followed by Egypt, while the Philippines led the way on meal and Mexico topped the list for oil.

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