Soybeans were mixed, adjusting spreads. Contracts started the session higher, but couldn’t follow through, with recent improvements in conditions for sections of Argentina and Brazil, ahead of another drier pattern in Argentina. The Buenos Aires Grain Exchange says 10% of Argentina’s bean crop is rated poor to very poor, compared to 18% a week ago. Precipitation has missed some areas in both of those key exporters, leaving them at risk of stress or yield loss, but the rain has been welcome where it has fallen.
