Soybeans were higher on commercial and technical buying. Harvest is slower than average nationally after last week’s rain and there was spillover from a higher move in soybean meal. Soybean oil ended the session mixed, mostly weak, on spread trade and profit taking. StoneX projects the 2021 U.S. soybean crop at 4.49 billion bushels with an average yield of 51.9 bushels per acre, up from the firm’s prior projections. The trade is watching planting and development conditions in South America.
