Soybeans were higher on fund and technical buying, capping off a week of strong gains after Thursday’s pause, with March hitting multi-year highs. Traders continued to watch weather in South America, with further reductions in yield estimates expected. According to one private firm, significant amounts of beans in Argentina, Brazil, and Paraguay have been lost to the hot, dry weather associated with a La Nina pattern, which will shift a lot of attention and export business to the U.S.
