Soybeans were lower on fund and technical selling. U.S. planting is ahead of average at 75% complete and development conditions mostly look good in many key U.S. growing areas. Still, there are at least a couple of weeks until the crop is fully planted and there’s a long way to go until harvest. There’s some expectation that producers have planted more beans than initially projected to meet demand estimates, lower domestic prices, and bolster the supply.

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