Soybeans were modestly lower on profit taking and technical selling. Nothing has really changed fundamentally, but contracts were due for a correction after the recent strength. The lone bits of bearish news this week have been U.S. prices rising above Brazil, a marketing year low for export sales because of possible demand rationing, and expectations for increased global oilseed acreage in 2020/21. The trade continues to monitor crop conditions in South America, with the USDA expected to lower production estimates next week.
