Soybeans were lower on fund and technical selling, along with follow through selling and the relative strength in the U.S. dollar. Harvest is moving forward in Argentina and Brazil as widespread planting gets underway in the U.S. China has reportedly purchased a significant number of soybeans from China over the past few business days, partially because of the drop in the real. The USDA’s next round of supply and demand estimates is out May 10th, with CONAB’s updated outlook for Brazil set for May 14th.

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