Soybeans were mixed, mostly higher, on commercial spread trade, also ending the week mixed, favoring new crop over old crop. Rain in Brazil is shifting, now potentially delaying harvest in central and northern areas, while Argentina is expected to see a drier pattern for at least the next week. The USDA’s next set of production estimates for South America is out next Tuesday, along with the rest of the monthly supply and demand update. The USDA’s prospective planting and quarterly stocks numbers are due at the end of March.
