Soybeans were lower on fund and technical selling, pulling contracts to a lower weekly close. Forecasts had an improved chance of near-term rainfall in some of the drier areas of Brazil. That’s going to boost prospects for some of the later planted beans, but it’s too late for part of the crop, with early harvest activity underway in some areas. Conditions in Argentina are much better than a year ago. Weekly export sales were bearish, down on the week and below average.

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