Soybeans were mostly lower. While the contracts that did lose ground were well above session lows, that overall move came despite the continued tight supply and solid demand. Cash basis levels are strong and more near-term planting delays are probable in some areas, but most of the region is expected to make solid progress. The USDA’s next set of supply, demand, and production numbers is out June 10th. Soybean meal and oil were lower on commercial and technical selling.
