Soybeans were higher on commercial and technical buying. Export sales were down on the week, but still well over a million tons with China leading the way against a significant cancellation by unknown destinations. Most forecasts have a shift to drier weather in southern Brazil and Argentina, in-line with La Nina conditions. The Buenos Aires Grain Exchange says that weather pattern could be a “big challenge” for production in Argentina. 56.1% of Argentina’s soybean crop is planted.
