Soybeans were lower on fund and technical selling, losing ground for the third consecutive session. Rain coverage has improved in parts of Argentina and Brazil, but there’s a long way to go in their growing season. Many firms are projecting record production for Brazil, with a more uncertain outlook for Argentina. The trade is waiting to see what adjustments, if any, the USDA makes in the next set of supply, demand, and production estimates out Thursday, December 10th.
