Soybeans were lower on profit taking and technical selling. Contracts gave back part of Friday’s gains with additional pressure tied to soybean oil, crude oil, and the dollar. Additionally, Malaysian palm oil was down sharply ahead of the U.S. session. The trade is watching planting and development weather in South America. Conditions in Brazil are generally good, with AgRural reporting 69% of the crop has been harvested, but early planting is behind schedule in Argentina due to dry conditions in some key growing areas.
