Soybeans were lower on commercial and technical selling. There was some rain in the near-term forecast for dry parts of Brazil, along with a break from rain in some of the wetter areas. Still, those changes might be short-lived. Even then, that will help farmers catch up and might reduce the amount of replanted acreage, with many projections still calling for another record crop in Brazil. CONAB’s updated outlook is scheduled for December 7th. Conditions in areas of Argentina have improved after recent rainfall.

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