Soybeans were modestly higher on commercial and technical buying. Weekly export sales were bullish, with China leading the way for old and new crop, and shipments remain ahead of what’s needed to meet projections for the current marketing year. Brazil’s harvest is slower than average, at just 2% complete, the slowest in a decade, with rain shifting from southern to central and northern areas, delaying harvest activity there. Excessive moisture has caused at least some damage, which follows the drier than normal weather that delayed planting.

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