Soybeans were modestly lower on profit taking and technical selling. Beans did start higher, following through on the post-USDA report strength, watching development conditions, but sold off slightly near the close. Many areas should see non-threatening weather, but there are areas of concern, particularly in northern and northwestern growing areas. Weekly old crop export sales were bearish, but the pace remains well ahead of last marketing year, and new crop sales were 61.4 million bushels, led by China and unknown destinations.

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