Soybeans were higher on commercial and technical buying, bouncing back from some early losses. Northern and western growing areas will see more hot, dry weather, but there’s a chance for relatively cooler, wetter conditions later this week. Even then, the precipitation in those northern and western growing areas likely won’t be a drought buster. The USDA says 58% of the crop is in good to excellent shape, 2% lower, with 76% of the crop blooming, compared to the five-year average of 71%, and 42% at the pod setting stage, compared to 36% on average.

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