Soybeans were higher on commercial and technical buying, with January through August closing above $15. The trade continues to monitor conditions in Argentina, with widespread parched soils despite some recent rain. That helped to support soybean meal as any significant losses for Argentina could help U.S. soybean product demand. Argentina is normally the world’s leading exporter of soybean products. Argentina’s Ag Ministry says 78.9% of the 2021/22 crop has been sold, a solid improvement on the week thanks to Buenos Aires’ “soy dollar” program, but slightly behind the 2020/21 pace.
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