Soybeans were mostly lower on bull spreading, with nearby contracts up and deferred months down. Beans consolidated after the recent losses, watching the harvest of Brazil’s record crop. There’s some rain in the forecast for Argentina, but it’s mostly too late to help and is only expected to stabilize conditions in some areas. The USDA’s next round of supply, demand, and production numbers is out April 11th, with CONAB’s updated outlook for Brazil due April 13th.
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