Soybeans were higher on commercial and technical buying. The trade continues to watch the weather and the likely stress from high heat and dry conditions. The heat should break this weekend in most of the region but is expected to return next week and many forecasts are mostly dry into September. The supply projection is already tight and could get tighter. The USDA’s next round of supply and demand estimates is out September 12th. Old crop soybean export sales were down on the week, but larger than average, mainly to Germany and Spain.
