Soybeans were mostly higher on bull spreading. Forecasts have improved rain in Argentina and southern Brazil, which could stabilize conditions, at least to some extent. That, and profit taking, brought some initial pressure, but this round of rain could be scattered and any potential true shift in pattern is at least a couple of weeks away. Early soybean harvest activity is underway in parts of Brazil. Slower economic growth and rising COVID rates in China are concerns for demand.
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