Soybeans were sharply lower on fund and technical selling but finishing above the session lows. Most medium-term weather outlooks have good rain coverage in much of the region, easing some of the anticipated stress from the current weather pattern in some key growing areas. That’s expected to start either late this week or early next week. The USDA says 62% of U.S. soybeans are rated good to excellent, down 5% on the week and 10% on the year, with 94% of the crop planted, compared to the five-year average of 88%, and 86% emerged, compared to 74% on average.

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