Soybeans flipped to trade lower after profit taking on an overbought bounce. January beans closed three and a quarter cents lower at $13.59 and March beans closed three and a half lower at $13.68. Soybean meal kept its strength finishing $1.10 higher at $415.90. Soybean oil drew back, losing 17 points closing at $56.55. A lack of export news was bearish across the board for commodities. Soybean futures have been supported by drought conditions in South America, mostly Brazil and Argentina.

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