Soybeans were higher on commercial and technical buying. Near-term forecasts have mixed weather, generally better in eastern and central areas. Some of the drier growing areas have recently received rainfall and forecasts for later this week and early next week have generally gotten wetter, but that precipitation will still miss parts of the region. Beans will need a trend-line yield or better to meet demand expectations and boost supplies. Ending stocks estimates are historically tight through next marketing year, which doesn’t end until August 31st, 2022.

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