Up day for soybeans, corn, and wheat

Up day for soybeans, corn, and wheat

Soybeans were higher on fund and technical buying. The trade is monitoring rain totals and coverage in Argentina, with recent events falling short of expectations. There are concerns about dry weather in southern Brazil and some early harvest delays in that nation, but Brazil still seems to be on pace for record production this year. China bought 106,000 tons of 2023/24 U.S. soybeans Thursday morning, the first announced sale of any U.S. commodity to China since early December.

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