Soybeans were higher on fund and technical buying. Early harvest conditions look good in most areas, aside from rain in southern parts of the region. China and unknown destinations canceled on 132,000 and 196,000 tons of U.S. beans, respectively, possibly due to the shipping issues out of the Gulf. If that’s the case, those beans could be repurchased at a later date. China has reportedly recently purchased soybeans from Brazil, citing those delays, strong demand, and the tight U.S.
