Soybeans were sharply higher on commercial and technical buying, ending the session close to multi-month highs. South American weather continues to favor Argentina over southern Brazil and Paraguay. Most forecasts have a return to hot, dry conditions across key growing areas in South America next week. A number of private and governmental bodies have slashed their outlooks for South American soybeans because of La Nina impact. That’s also slowed down farmer selling in the U.S., Argentina, and Brazil.

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