Soybeans were higher on speculative and technical buying. The trade is getting a look at possible weekend frost damage in parts of Argentina ahead of a return to a drier pattern. It’s roughly the equivalent of late July for crops in that part of South America, so this can be viewed as highly unusual. That capped off a week with wide-ranging temperatures and only scattered rainfall. It’s already been a long growing season for crops in Argentina, with drought pulling production projections well below initial expectations.
Soybeans, corn up on Argentina weather issues
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