“Prices initially broke with the release of the USDA data only to quickly recover to prereport levels. The USDA kicked the demand dilemma down the road at least a month as we await to see if additional Chinese demand emerges. It’s hard to envision China buying another 8 mmt of U.S. beans as U.S. FOB offers remain 80 cents to $1.10 above Brazil thru May ’26. With an improved weather forecast for higher SA production in future reports,” Mark Soderberg of ADM Investor Services said. “While there were no flash sales today, reports of mold in early soybean harvest in Brazil’s northern state of Mato Grosso has provided support. These mold issues are a result of too much rain.”