Soybeans were mostly lower on commercial and technical activity. Demand is solid, but the trade expects a big crop, with USDA’s acreage numbers out on the 30th. Quarterly stocks numbers are also out on the 30th. It was an up and down, pretty quiet session, with the trade also watching the weather. Soybean meal was down and bean oil was up, adjusting product spreads. The Buenos Aires Grain Exchange held its soybean production estimate for Argentina at 57.5 million tons.
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