Soybeans were lower on fund and technical selling. Beans followed the lead of soybean meal, while watching U.S. planting and development conditions. Planting is close to wrapping up in some areas, emergence is ahead of average, and the first national condition rating of the season was well above a year ago. Beans are also looking for any signs of potential acreage switching from corn. China bought 104,000 tons of 2023/24 U.S. beans. That’s China’s second reported purchase of old crop U.S.
