Soybeans were modestly higher on short covering and technical buying. Beans and nearby meal rallied from early losses, with help from bean oil on higher global vegetable oil prices. Planting in Brazil is slower than average, with some areas too wet and others too dry. There’s talk of a significant amount of replanting and there have been some recent lower private production estimates, even as the trade still seems to have dialed in a second consecutive record crop, for now.

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