Soybeans were lower on profit taking and technical selling but finished towards the lower middle of the day’s range. There was more rain in the near-term forecast for some of the drier parts of the region. Longer-term outlooks generally show a return to drier conditions, potentially causing crop stress. The trade is also waiting to see what the USDA reports for total 2021 planted area on June 30th, with many expecting the final to be above what the USDA was projecting in March.
