Soybeans were mostly higher on spread trade and commercial buying. CONAB lowered its outlook for Brazil’s soybean crop slightly but still expects record production, with updated USDA numbers Friday at Noon Eastern/11 Central. That bigger crop in Brazil likely spells more export competition for the U.S. Weekly export sales were an improvement from the previous week while still falling short of the levels from a few weeks ago, with China and Mexico topping the list.
