Soybeans were higher on commercial and technical buying, capping off a week of solid gains. Near-term forecasts were generally hot and dry for Argentina and southern Brazil, while portions of northern and central Brazil have recently received harvest delaying and quality harming rain. The declining production projections for South America have helped spark an increase in export demand for U.S. soybeans. China bought 108,000 tons of new crop U.S. beans, the sixth business day in a row with an announced sale.
