Soybeans were higher on commercial and technical buying. Near-term forecasts have more rain in South America, while longer-term outlooks have a return to drier weather. The planting delays in South America should be enough to continue to drive export business to the U.S. into early 2021. Brazil’s supplies are essentially exhausted, but producers in Argentina have resisted selling because of export taxes and poor crush margins. While there’s been more talk about China buying U.S.
