Soybeans were higher on commercial and technical buying. Soybeans saw decent follow through buying as the trade was getting ready for Thursday’s USDA reports out at Noon Eastern/11 Central. Most analysts expect acreage to be slightly lower than March and there’s a wide range of estimates for quarterly stocks. U.S. development conditions remain mostly favorable, but parts of the Midwest do need more consistent precipitation as the crop move through key phases of development. Soybean meal was up on solid crush demand, which also helped bean oil rally from a brief loss tied to a sell-off in crude oil.

…