Soybeans were modestly lower on fund and technical selling, with notching a three-month low. Harvest is moving faster than normal and the USDA’s crop condition rating was up slightly on the week. Some near-term harvest delays are probable ahead of what’s expected to be a drier pattern. There’s a lot of chatter in the trade about yields, but nothing official with the USDA’s next yield and production report out on the 12th. A major private firm did increase its yield and production expectations, contrary to a lot of other expectations.

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