Soybeans were mixed, consolidating, with most contracts unable to follow through on the early gains. Domestic demand for soybeans and products continues to be strong, but there are uncertainties about sustained demand from China. That’s due to political tensions with the U.S. and China’s zero-COVID policy. The USDA’s weekly export sales numbers are out Thursday at 8:30 Eastern/7:30 Central. Most forecasts have harvest delaying rain in some key U.S. growing areas into the weekend. In South America, planting has been aided by recent rainfall in Argentina and southern Brazil, but producers are bracing for a drier near-term weather pattern, especially in Argentina.
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