Soybeans were lower on profit taking and technical selling. Analysts expected USDA to report harvest at around 85% complete, even with the recent widespread delays. The USDA says 85% of U.S. soybeans are harvested, compared to the five-year average of 78%. Weather is mixed in South America, too dry in some areas, too wet in others. AgRural says 40% of Brazil’s soybean crop is planted, compared to 46% a year ago. Soybean meal contributed to the losses in beans, moving lower on profit taking and production spread adjustments.
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