Soybeans were mixed. Beans consolidated after the recent strength, watching harvest activity in Brazil, and getting ready for Friday’s USDA numbers. Quarterly stocks should be tighter, while planted area is expected to be up on the year. The generally dismal condition of Argentina’s crops has been a loss-limiting factor for both soybeans and corn. There’s been talk but no confirmation that U.S. purchases of soybeans from Argentina by crushers have been canceled due to those crop weather issues drastically impacting production.
