Soybeans were sharply higher on commercial and technical buying. Most forecasts have more hot, dry weather into at least early August for some key growing areas, potentially limiting yield. The USDA says 61% of U.S. soybeans are in good to excellent shape, down 1%, with 48% of the crop blooming, compared to the five-year average of 55%, and 14% at the pod setting stage, compared to 19% on average. There was also spillover support from palm oil, which was up ahead of the U.S.

…