Soybeans were lower on fund and technical selling, unable to hold onto early modest gains. CONAB lowered its outlook for Brazil’s crop slightly from last month and there are harvest delays, but it will still be record large, currently seen at 151.419 million tons. Harvest is about halfway complete with CONAB’s next round of projections out April 13th. The Rosario Grain Exchange slashed its estimate for Argentina to just 27 million tons, 7.5 million less than their last guess.
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