Soybeans were modestly higher on fund and technical buying. Weekend rainfall in South America was mixed, generally better in some areas than in others, with long-term precipitation concerns because of La Nina. Safras e Mercado says 67.3% of Brazil’s soybean crop is planted, compared to 65.9% a year ago and 64.7% on average, with AgRural expecting about 300,000 hectares to be replanted, while still estimating production at a record 132.2 million tons. Brazilian agribusiness firm Datagro says 71.76 million tons of 2020/21 beans have been sold, 53.4% of expected production.
