Soybeans were lower on profit taking and technical selling. Contracts started the session higher but moved lower with profit taking and spillover from soybean meal and oil. Nothing has changed fundamentally and weather concerns, especially for northern parts of the growing region, limited losses somewhat. The trade is waiting to see what the USDA reports for total 2021 U.S. planted area, with most expectations for an increase from the March projection. The USDA’s 2021 planted area numbers are out at the end of the month, along with quarterly grain stocks.

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