Soybeans were mostly higher, adjusting spreads. China bought another 132,000 tons of new crop U.S. beans, pushing the running total over the past five business days to 929,000 tons. There’s talk of more sales announcements and those purchases attributed to unknown destinations could be switched to China for delivery. The USDA’s weekly numbers are out Thursday morning at 8:30 Eastern/7:30 Central. Beans are also watching development conditions, needing a trend-line yield or better to meet demand expectations and limit further price inflation for end users.
