Soybeans were higher on fund and technical buying. Beans were getting ready for what could be a bullish set of USDA numbers Wednesday. Following the June 30th, quarterly stocks and planted area, the trade anticipates a smaller production guess along with tighter carryout projections, the big question is how much of a cut will be made in this round of numbers. The trade is anticipating modest changes, if any, to old and new crop ending stocks and production numbers for Argentina and Brazil.
Soybeans, corn, wheat higher ahead of USDA numbers