Soybeans were higher on commercial and technical buying. Traders are watching the weather with high heat stressing the crop in most of the Midwest. Temperatures are expected to moderate in some areas this weekend, but conditions could stay mostly dry into early September. Given how tight new crop U.S. ending stocks projections already are, there’s not a lot of room in the balance sheet for further declines in yield. The USDA’s next round of yield projections is out September 12th.
