Soybeans were modestly higher on short covering and technical buying. It was up and down day for beans, with some pressure from the lower move in soybean oil and support from bean meal. The big feature for soybean products was spread adjustments tied to demand expectations. In the monthly supply and demand update, the USDA left U.S. ending stocks unchanged at 340 million bushels while CONAB raised its production outlook for Brazil to a record 142.79 million tons.
