Soybeans were firm to modestly higher on short covering and technical buying. Beans were oversold and able to find support near the recent lows, still watching U.S. harvest activity, with generally dry weather in the forecast for the rest of the week. Interior movement, especially movement to port, continues to be an issue for soybeans. Last week’s export inspections were a marketing year high, but well below a year ago, reflecting that slow movement, with increasing concerns in China about tighter supplies.
