Soybeans, bean meal extend losses

Soybeans, bean meal extend losses

Soybeans were lower on fund and technical selling, along with the session’s gains in the dollar and losses in crude oil. There’s light to moderate rain in the forecast for parts of Argentina this week ahead of a return to a drier pattern. The crop will be much smaller than initial projections, the questions are by how much, and how hard will this hit Argentina’s economy. Argentina is the world’s largest exporter of soybean products most years.

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