Soybeans closed higher. Basis remains strong as soybeans continue ship and be crushed in strong volumes with the recent rally in meal. Weather and demand news are both bullish heading into the holiday with the ongoing Argentine port strike. Reports say Argentine exporters shipped just 25% of December soy meal commitments and only 14% of bean oil commitments, moving business to the U.S. soybean planting has reached 96 percent complete in Brazil and weather reports show more short-term rain in the forecast.
