Soybeans were lower on speculative and technical selling. Beans continued to respond to forecasts for less threatening weather in some areas next week. Still, after this anticipated break in the weather, some outlooks do have a return to hotter, drier conditions in August, a critical month for soybean development. Old crop export sales were up on the week, mainly to China, with nearly all of that switched from unknown destinations. That followed four consecutive weeks of marketing year lows, with the last three weeks net reductions due to cancellations by unknown destinations.
