Soybeans were mostly modestly higher on commercial spread trade. Most forecasts have near-term rain in parts of Argentina and Brazil, but it could miss some of the region. AgRural says 81% of Brazil’s crop is planted and estimates production at a record 132.2 million tons, above most major projections. Planting has been delayed enough that global reliance, especially Chinese reliance, on U.S. beans should continue into next year. Stateside, while harvest has officially wrapped up, there are still some acres left to be collected.

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