Soybeans were lower on profit taking and technical selling. The outside markets were mostly bearish, soybean products were, and the trade was getting ready for the first condition rating of the season. The USDA says 88% of soybeans are planted, matching the five-year average, and 70% has emerged, compared to 74% on average, with 70% of the crop rated good to excellent, 8% above the first rating for the 2021 crop. Most forecasts show good conditions in the Midwest and Plains for the tail end of planting, but if a possible heat dome settles in across the region, it could cause some damage.

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