Soybeans were lower on fund and technical selling. Crush margins are solid, overall demand is good, and soybean oil bounced off recent lows, but there’s not a lot of buying interest this week ahead of Thanksgiving. Markets are closed Wednesday night into Friday morning, with a shortened session scheduled for Friday. The holiday pushes the USDA’s weekly export sales numbers back to Friday. Those numbers will be watched closely to see how demand from China is holding up.
