Soybeans were higher on commercial and technical buying, establishing another set of contract highs. The NOPA monthly crush numbers were bullish, reflecting the strong demand, and rain coverage has been mixed in South America this week. While planting has advanced very well in many areas, the delays earlier in the season will extend global reliance on U.S. beans. The U.S. Soybean Export Council thinks China could import 100 million tons of soybeans in 2021, projecting 3% to 4% annual growth over the next decade, with U.S.

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