Soybeans ended the day lower, giving back last week’s gains as contracts continue to face pressure from harvest progress in Brazil. There was additional pressure from lower soybean meal and soybean oil. Soybean inspections were 25.2 million bushels with primary destinations to China (20.3 mbu) and Mexico (1.9 mbu). For South America, parts of Brazil will see harvest delaying rain over the next few days. CONAB’s updated outlook for Brazil’s crops is out April 11th.
