Soybeans were mostly modestly higher, adjusting spreads. Most forecasts have hot, dry weather in some key growing areas into early August, a critical time for U.S. soybean development. The lowest ratings are in the Dakotas and Minnesota, which account for more than a fifth of U.S. soybean production. Because of the historically tight ending stocks projections for this and next marketing year, beans will need a trend-line or better yield to meet demand. The new marketing year for soybeans gets underway September 1st.

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