Soybeans were lower on profit taking and technical selling. Most forecasts have dry, cool weather in much of the Midwest and Plains, which should help harvest speed up. IHS Markit is projecting production at 4.454 billion bushels with an average yield of 51.5 bushels per acre. The USDA’s next set of supply, demand, and production numbers is out Tuesday, November 9th. Planting and development conditions in South America generally look favorable ahead of the full emergence of the La Nina pattern, which could trim yields.
