National Ag News

Soybeans were modestly lower on profit taking and technical selling, along with spillover from bean meal. Weekly export sales were lower than expected with another slow week for shipments. The trade is continuing to watch weather in South America, with not many changes to the outlook for dry parts of Argentina and La Nina conditions expected to last through summer in the Southern Hemisphere. Soybean meal was lower and bean oil was higher on the adjustment of product spreads.

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