Soybeans were higher on commercial and technical buying. Near-term forecasts generally remain hot and dry for some key northern and western growing areas. Conditions in central and eastern areas continue to be less-threating to beneficial. This growing season could be called “a tale of two crops” as most of the crop moves through key phases of development. Either way, soybeans will need a trend-line yield or better to meet demand expectations as the supply projections through next marketing year remain historically tight.

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