November soybeans were up 1 cent late in the overnight session. Malaysia palm futures closed 0.4% higher and China soybean futures closed 0.9% higher. Outside market forces look mixed to somewhat negative today. November soybeans have already recovered as much as 36 1/4 cents off of Monday's lows as uncertainty on the impact on commodity markets with the debt debates in Washington and uncertainty for weather into early August has helped to support the market off of the lows. The market quickly priced-in a better weather outlook this week on Monday and the market has attracted increased buying from fund traders and speculators due to yield concerns. The weather looks to improve for the northern half of the Corn Belt this week and into next week with still warm weather but rains of 1/2 to near 2 inches expected in the next week. However, the southern half of the Midwest still sees warm and mostly dry weather for the next week and there is significant uncertainty on the weather outlook into early August. The market remains very sensitive to weather and rightfully so. If average yield is down 1 bu/acre from the last USDA estimate, ending stocks could slip to near 100 million bushels with a stocks/usage of 3.1% which would be the lowest ending stocks since the 1972/73 season and the lowest stocks/usage on record. A 2 bu/acre drop to 41.4 bu/acre would leave ending stocks at just 26 million bushels. November soybeans closed sharply higher on the session yesterday and experienced the highest close since June 8th. A decline in crop ratings plus a turn down in the US dollar to the lowest level since early May helped to spark renewed buying interest in soybeans and higher trade. The weekly crop updates showed good to excellent ratings dropping to 62% from 64% last week. The weather outlook is seen as mixed. Areas of the northern Corn Belt look to receive rains this week and areas of the northern delta may also see rain. However, the outlook for hot weather to return to the Midwest for a few days and a lack of rain in the forecast for parts of the central and southern Midwest had some traders believing crops could be under stress for the areas which do not get rain into early August. December meal closed strong and matched the contract high close.