Soybeans, wheat see solid gains

Soybeans, wheat see solid gains

Soybeans were higher on fund and technical buying. Soybeans are watching South America, with some questions about rain coverage and totals after months of drought. Some damage has been done and while condition ratings do tell part of the story, the full impact won’t be known until widespread harvest activity gets underway. Unknown destinations bought 130,000 tons of 2022/23 U.S. beans, the second announced sale of the week for a running total of 322,000 tons.

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