Soybeans were lower on fund and technical selling, furthering the week’s losses. Near-term harvest conditions look good for most of the U.S. and South American weather is favorable. Safras e Mercado estimates Brazil’s crop at 144.7 million tons, a jump of 2.5 million from the prior guess. CONAB’s next projection for Brazil is out Thursday the 11th. The Buenos Aires Grain Exchange says 7% of Argentina’s soybean crop is planted, slower than average. Stateside, for 2022, the USDA early baseline preview sees 2022 U.S.

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