Soybeans were lower on commercial and technical selling. Beans also followed soybean meal, while watching harvest activity in South America. Brazil’s harvest is inching towards completion, while activity in Argentina is starting to build steam on a widespread basis. Thursday, the USDA’s expected to raise U.S. ending stocks, with slow exports offsetting a strong domestic crush, while CONAB’s crop guess for Brazil could be up. Brazil’s ANEC projects April 2024 soybean exports at 12.73 million tons, compared to their earlier guess of 10.65 million.
