Soybeans were mixed on commercial spread adjustments, consolidating after last week’s strength. Nearby beans were down, deferred months were up, watching development conditions and early harvest activity in Argentina and Brazil. AgRural says Brazil’s harvest is just 1.9% complete as of last Thursday, the slowest in 10 years because of heavy rainfall in some areas, or 2.5 million tons, compared to 8.9% a year ago, or 11.7 million tons. That lack of available beans probably means Brazil will not hit the expected export target for February.

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