Soybeans were lower on profit taking and technical selling. Beans were overbought after the recent strength, but losses were limited by demand. China and unknown destinations each bought 132,000 tons of 2020/21 U.S. beans, the eighth business day in a row with an announced sale, bringing the running total to 3.192 million tons. Near-term weather conditions generally look good for late development in the Midwest, but there is the potential for frost/freeze damage in some northern areas.
