Soybeans were lower on fund and technical selling. Commodities in general had spillover from the broader market, which dropped on concerns about a potential debt default by a major Chinese property developer, and beans also saw pressure from global vegetable oils. Additionally, the losses in beans and bean oil sent soybean meal lower. Aside from some scattered rain, harvest conditions are good in most areas. The USDA says 6% of U.S. soybeans are harvested, matching the five-year average, with 48% of the crop dropping leaves, compared to 48% on average, and 58% rated good to excellent, up 1% on the week.

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