Soybeans were modestly lower on profit taking and technical selling. Near-term harvest delays are in the forecast for parts of the Midwest, ahead of a cooler, drier pattern. Conditions are favorable in South America ahead of the full emergence of La Nina. Most forecasts do have another round of rain next week in Argentina and Brazil, but long-term outlooks remain less certain, potentially trimming yields. Soybean export sales were down sharply on the week, still nearly 1.2 million tons, with China and the Netherlands the leading buyers against a cancellation by unknown destinations.

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