Soybeans were sharply higher on commercial and technical buying. Contracts followed through on Monday and continued to bounce off of last week’s lows, supported by the strong demand and demand rationing. Rain is delaying early harvest activity in parts of Brazil and leading to condition concerns, and while conditions in Argentina have improved, timely rainfall will be needed in the coming weeks. The big questions hanging over South America are just how much was yield trimmed by the late start to planting and how much of an impact will La Nina have going forward.