Soybeans were mixed, mostly modestly higher, with strong weekly gains and new contract highs months. Beans consolidated after the week’s strength, continuing to monitor weather in Argentina and Brazil. The Buenos Aires Grain Exchange is projecting higher planted area in Argentina, but with a smaller crop, 46.5 million tons in 2020/21, compared to 49 million in 2019/20, following the dry conditions earlier in the season and the potential for more dry weather because of La Nina.
