Soybeans were modestly lower on fund and technical selling. The USDA’s condition rating was unchanged on the week, with beans watching early harvest activity, expecting minor delays in parts of the Midwest and Plains. The trade is also monitoring early stages of planting in Argentina and Brazil. Portions of Argentina remain dry and parts of north and central Brazil are experiencing a hot, dry pattern. AgRural says 0.2% of Brazil’s soybean crop has been planted.
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