Soybeans up, corn mostly higher on weather concerns

Soybeans were higher on short covering and technical buying. 62% of U.S. beans are rated good to excellent, a low first rating of the season, but with rain in the near-term forecast for some areas. While the critical month for soybeans is August, stress during these early stages of development likely cut at least some of this year’s yield potential. Spain bought 165,000 tons of old crop U.S. soybeans Tuesday morning. That’s the first announced sale of U.S.

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