Soybeans were lower on fund and technical selling. Beans continued their correction, watching early U.S. harvest weather and South American planting conditions. China and unknown destinations bought more 2020/21 U.S. beans, 132,000 and 126,000 tons, respectively, the 14th business day in a row with a new sale for a running total of 5,498,500 tons. Sales reported as heading to unknown destinations are frequently, but not always, switched to China for delivery. Soybean meal was higher and bean oil was lower on the adjustment of product spreads.
