Soybeans were mostly lower on spread trade and profit taking, with May the only contract to finish in the black, getting ready for Friday’s first notice day. The fundamental outlook remains bullish, but contracts are overbought. Still, the losses in deferred months have been limited by tight new crop ending stocks expectations and the trade trying to encourage an increase in U.S. acreage. Brazil’s FOB prices have moved mostly lower as the harvest draws to a close and while rain in the U.S.

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