Soybeans were higher on commercial and technical buying. The near-term domestic supply remains very tight, supporting the cash basis, and crush margins are solid. 91% of Brazil’s soybean harvest is complete, with Mato Grosso reportedly wrapped up for the season, and the trade is also watching early U.S. planting activity. As of Sunday, 3% of U.S. soybeans are planted, compared to 2% a year ago and the five-year average of 2%. Soybean meal was higher and bean oil was lower on the adjustment of product spreads.

…