Soybeans were higher on commercial and technical buying, still sharply higher, despite closing below the session’s highs. Beans followed the lead of vegetable oils, with palm oil sharply higher heading into the U.S. session and U.S. soybean oil futures notching fresh contract highs. Harvest remains slow in parts of northern Brazil, with dry weather a factor in parts of southern Brazil and Argentina. Still, recent rain in parts of Argentina has improved crop prospects somewhat.

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