Soybeans were mixed on bull spreading. CONAB raised its outlook for Brazil’s crop again, now projected at 154.811 million tons, which would be up 23.3% from last year. Harvest is essentially over. CONAB has Brazil’s exports this marketing year at a record 95 million tons, with big soybean product sales as well due to the much smaller crop in Argentina. The Rosario Grain Exchange lowered its guess for Argentina to 21.5 million tons with the Buenos Aires Grain Exchange say it doesn’t expect any appreciable rain accumulation until September, extending the drought.
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