Soybeans were sharply lower on fund and technical selling, along with spillover from world vegetable oils and the broader market. There was talk that China has canceled on U.S. beans, switching to Brazil, but there was no confirmation. Export inspections were bearish, just over 350,000 tons, mainly to Mexico and Germany, with only a routine amount on the way to China. Near-term weather looks hot and dry in parts of the region ahead what’s expected to be a more seasonal pattern.

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