Soybeans, corn see another round of losses

Soybeans, corn see another round of losses

Soybeans were modestly lower on fund and technical selling. Contracts were unable to follow through on their early gains with some weather improvements expected in parts of South America. That includes more rain in the forecast for dry parts of Argentina. Additionally, soybeans were following an early bounce in bean oil before that pit was unable to follow through. Soybean meal was mostly lower on spread trade and profit taking. Stateside, late harvest delays are ongoing with a wetter, cooler pattern in large swaths of the Midwest and Plains.

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