Soybeans were lower on profit taking and technical selling, but still managed to end the week firm to higher. Crop conditions mostly look good, but there are concerns about parts of northern and northwestern growing areas. Some of those areas are dry and others have potential for a freeze or frost early Memorial Day weekend. The trade is also waiting to see what the USDA reports for acreage at the end of June. The near-term supply is tight, even as processing bids continue to move lower, which might be an indication of imports to meet crush needs.
