Soybeans continue to climb on weather concerns

Soybeans were higher on commercial and technical buying, capping off a very bullish week linked to weather concerns. Most forecasts continue to show a return to hot, dry weather in parts of the Midwest and Plains in the coming week. August is the critical month for soybean development in the Northern Hemisphere and any significant crop loss would have an impact on global oilseed and feed supplies. Unknown destinations bought 132,000 tons of new crop U.S.

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Soybeans continue to climb on weather concerns