Soybeans were mostly lower, adjusting spreads. Brazil’s soybean harvest remains slower than average due to rain in some key growing areas and near-term forecasts for Argentina are dry. The U.S. and world supply remains tight, but export demand has slowed down and there’s talk China has been buying beans from Brazil, when available. Weekly export inspections were more than what’s needed to meet projections for the current marketing year, which has hit the halfway point.
