Soybeans were lower on fund and technical selling, along with profit taking in soybean oil. Parts of Argentina and southern Brazil got rain over the weekend, but more will be needed in some areas and damage has been done. That rain generally favored Argentina over southern Brazil but did still miss some of the drier areas of Argentina. Safras e Mercado and AgRural both say 5% of Brazil’s soybean crop is harvested. China bought 132,000 tons of U.S.
