Soybeans were lower on fund and technical selling. Soybeans are watching development weather in Argentina and harvest activity in Brazil. The USDA’s updated supply and demand report is out March 8th, while CONAB’s new outlook for Brazil is set for March 12th. The USDA’s Ag Outlook Forum is projecting increased planted area and stocks for next marketing year. Export sales were up on the week, but lower than average, with China and Spain tipping the list against a big cancelation by unknown destinations.
