Soybeans, meal take lead on Argentina forecasts


Soybeans, meal take lead on Argentina forecasts

Soybeans were higher on speculative and technical buying. Rain was good in parts of Argentina over the weekend, but the extended outlook over the next two weeks is mostly dry, likely limiting production potential. Conditions in most of Brazil look good with harvest activity ongoing, albeit with some delays in central and western areas due to rain. There are some concerns about yields in dry portions of southern Brazil, but that will likely be canceled out by better numbers in other key growing areas.

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