Soybeans were modestly higher on short covering and technical buying. Soybeans continue to watch U.S. harvest activity, expecting a warmer, drier pattern in many key growing areas. That should allow some states to finish in the next few days. Excessive rain is an issue in southern Brazil, while much of northern Brazil and Argentina are dry. That wet weather in southern Brazil is expected to lead to at least some replanting. There’s still hope for northern Brazil and Argentina as the El Nino pattern fully emerges in the Southern Hemisphere.

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