Soybeans were higher on commercial and technical buying, below the highs, but still towards the upper end of the day’s range. The USDA lowered U.S. ending stocks on an increase in the export projection, while world ending stocks were down modestly from January. Aside from slight changes to carryout, there were no adjustments for Argentina or Brazil, limiting gains. Still, unlike either corn or wheat, beans were able to finish the session in the black.

…