Soybeans were lower on fund and technical selling. Near-term forecasts have more rain in dry parts of Brazil, but most of this round will miss some of Argentina and longer-term outlooks on the continent are less certain because of the prevailing La Nina pattern. Those planting delays in South America will push back harvest activity, extending global reliance on U.S. beans. There’s more talk of China buying new crop, 2021/22, U.S. beans, but no confirmation.
