Soybeans were lower on fund and technical selling. The trade continues to watch yield projections, with August rainfall in parts of the Midwest and Plains stabilizing conditions. Allendale Inc.’s annual producer survey projects this year’s crop at 4.435 billion bushels with an average yield of 50.86 bushels per acre. Those are both below the USDA’s August number, but, if realized, the production total would tie with 2021’s record crop. China bought 167,000 tons of new crop U.S.
