Crop futures trade higher on trade, weather support

The soybean complex closed higher on fundamental support. Mixed South American weather has kept the market’s attention. Moderate to heavy rains are expected for Brazil this week with little to light showers expected for Argentina. Even with expected rainfall, Argentina and the southern half of Brazil remain in extreme drought. North American weather is becoming more important as planting season ramps up. Gains for crude oil on the day have provided upward momentum for the complex, especially bean oil.

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