Soybeans were higher on fund and technical buying. It was an up and down day with beans oversold after Monday’s broader market driven drop. There was talk during the session, but no confirmation, of China buying U.S. beans. China had been relying on Brazil recently, but they’ve nearly exhausted their supply. China is officially on a holiday until Wednesday, but that would be an indicator of their strong demand. Early U.S. harvest activity is ongoing, with many areas expected to make solid progress this week, while planting is starting in South America ahead of the widespread rainy season.

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