Soybeans were higher on commercial and technical buying, with January hitting a contract high. Rainfall missed parts of Brazil over the weekend and forecasts for this week have scattered precipitation for some of Brazil and Argentina. That rainfall won’t be enough to break the drought but did keep November and January from closing above $12. Safras e Mercado says 74.1% of Brazil’s soybean crop is planted. The USDA says the 2020 U.S. harvest is at least statistically over.
