Soybeans were modestly lower on fund and technical selling, unable to follow through on the early gains. Recent rainfall has likely helped the crop, but development remains slow and the condition rating is historically low for this time of year. The USDA’s next set of supply, demand, and production estimates is out September 12th. Beans are also waiting to see what’s next in the trade dispute with China. Chinese export demand has slowed with the continued spread of African Swine Fever and when China does buy beans, it’ll likely be from South America, even if U.S.
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