Soybeans ended the session modestly higher on commercial and technical buying. There was also spillover from bean oil, supported by commercial buying and strength in palm oil, while traders continue to watch weather in South America. Near-term forecasts have more generally hot, dry weather in Argentina and southern Brazil, limiting production potential. There are also issues with harvest delays in northern Brazil. Ahead of the open, unknown destinations bought 132,000 tons of 2022/23 U.S. soybeans.
