US Soybean complex prices were modestly higher on the close Wednesday. Soyoil once again traded the strongest of the components throughout the session. March soybeans added 1 1/4 cents to close at $12.72 1/4. March soybean meal gained $1.10 to close at $331.30. March soybean oil tacked on another 16 points to close at 54.22 cents per pound. November soybeans added 1 3/4 cent to close at $12.64.

USDA noted the sale of 175,000 tonnes of new-crop beans to China. Most are expected to be new crop, and this just puts on the books some sales that would happen whether or not there had been an announcement.

South American weather maps showed overnight rains in portions of southern Brazil. There are more chances over the next few days. One of the firm in Brazil estimates that the harvest is 19% complete

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