Soybeans were sharply higher on speculative and technical buying. Forecasts for most of the region this week are hot and dry, potentially stretching into early August, the critical month for most of the U.S. soybean crop. The USDA says 54% of U.S. soybeans are in good to excellent condition, down 1%, with 70% blooming and 35% at the pod setting stage, both ahead of their respective five-year averages. China bought 121,000 tons of new crop U.S.
Big gains for soybeans, corn, and wheat
