Soybeans were sharply lower on fund and technical selling. Most forecasts have much-needed rain next week in Argentina, along with drier conditions in parts of Brazil. Some damage has been done, quality and yield in Brazil, yield primarily in Argentina, but a shift in weather would at least help crop conditions stabilize and speed up harvest activity in Brazil. The Rosario Grain Exchange cut its outlook for Argentina by 4 million tons to 45 million, compared to the most recent guess of 47.5 million from the USDA.
