Soybeans were sharply higher on commercial and technical buying. Beans bounced back from Tuesday’s losses, and then some, with help from higher moves in bean meal and crude oil. Beans are monitoring weather conditions in South America, expecting further crop losses. The recent decline in production projections has boosted export demand for U.S. beans, with the USDA’s weekly numbers out Thursday morning. Wednesday, China bought 132,000 tons of new crop U.S. soybeans, the tenth announced purchase of U.S.
