Soybeans were higher on commercial and technical buying. Contracts are oversold, palm oil was up ahead of the U.S. session, and soybean oil was higher. Harvest activity in Argentina and Brazil is ongoing, while U.S. planting has yet to really start. The USDA’s first planting progress estimate of the season is expected to be in next week’s crop progress and condition update. China’s customs ministry says March soybean imports were 7.77 million tons, an increase of 82% on the year, as delayed January/February shipments finally made it to port.

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