Soybeans were mostly modestly lower on spread trade and profit taking. Beans were a little overbought after the higher moves Tuesday and Wednesday and global vegetable oil were lower heading into the U.S. session, including canola, palm oil, and bean oil. Parts of the Midwest and Plains are receiving rain, but that precipitation is going to miss some other key U.S. growing areas. China and unknown destinations both bought new crop U.S. beans, 133,000 and 132,150 tons, respectively, bringing the month to date total for announced sales to 3,112,940 tons.

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