Soybeans were modestly lower on profit taking and technical selling, not holding on to the session’s early gains ahead of Thanksgiving. U.S. harvest activity should be over soon and near-term conditions in South America are mostly favorable. There’s talk that with the faster than average planting pace, parts of Brazil could be able to start harvest as soon as late December. That’s been part of the reason why China has chosen to focus most of its purchase efforts on new crop Brazilian beans.
