Soybeans were mostly modestly higher, adjusting spreads. Unknown destinations bought 300,000 tons of new crop U.S. beans and last week’s new crop sales were solid. Old crop sales were bearish, continuing to slide into the end of the 2020/21 marketing year, with most export needs covered, for now, by Brazil or other sellers. Unknown destinations and China both canceled on old crop U.S. beans last week but were the leading buyers for new crop. Most forecasts have broad rain coverage over the next week, including in some of the drier parts of the region.

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