Soybeans were lower and March beans are still having trouble surpassing the $15 mark. Crop conditions in Brazil remain mostly favorable. However, southern Brazil and Argentina are really dry and could use a rain. There is some in the forecast, but once that passes dry weather returns. Soybean oil and soybean meal were both lower on Thursday, adding some pressure to the market. Export commitments for 2022-2023 are up 4% from year-ago levels, but shipments are still falling behind.
