Soybeans were higher on commercial and technical buying, with new crop outgaining old crop and November closing above $12. Dry weather continues to be an issue in Argentina and southern Brazil, with harvest delaying rain in northern Brazil. According to AgRural, 15% of Brazil’s soybean crop is harvested, the slowest in a decade and well behind the year ago pace of 31%. Demand is strong with the USDA expecting tight supplies through at least next marketing year.
