Soybeans were modestly higher on short covering and technical buying. Near-term forecasts have minor harvest delays in some areas ahead of a generally drier pattern. The USDA says 44% of U.S. soybeans are harvested, compared to the five-year average of 38%, and 91% are dropping leaves, compared to 88% on average, with 57% of the crop in good to excellent condition, up 2%. Supplies are right and crush margins remain bullish, even as export demand remains a little sluggish due to South America, demand concerns in China, and the relative strength of the U.S.
