Soybeans were modestly lower on commercial and technical selling. The trade’s focused on harvest and transportation in South America and waiting for Friday’s USDA numbers. Demand should be strong by pretty much any metric and acreage is expected to be up on the year, probably a new record high. Soybean meal was mixed, consolidating, and bean oil was lower on profit taking. Allendale says U.S. soybeans out of the Gulf are now $10 above Brazil and U.S.
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