Soybeans were lower on fund and technical selling, cementing the weekly losses. Beans were watching the weather, with spillover from bean meal, which has recently been pressured by concerns about feed demand from China. That’s also slowed down soybean imports by China. Brazil is still expected to supply the lion’s share of beans until either their supplies run out or U.S. supplies start to hit the market. The U.S. crop is still up in the year, with the crop starting to enter key development phases.

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