Soybeans ended a wide-ranging session lower on profit taking and technical selling. Contracts made new highs overnight and while they were unable to follow through to the regular session, they did finish above the day’s lows. Weekly export sales were bearish following a big cancellation by unknown destinations. That may or may not have been China. China is slowing down the crush pace due to harvest delays in and shipping delays from Brazil. More harvest delaying rain is on tap for parts of Brazil, while there is some rain in the forecast next week for parts of Argentina.

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