Soybeans decline with corn, wheat mixed

Soybeans were lower on fund and technical selling. Planting and development weather looks favorable in most of the Midwest, with generally warm, dry conditions in the near-term forecast. The critical test for beans will be weather during the pod filling stage this summer. Old crop export sales were below average and new crop sales were very light. Germany and Japan led the way on old crop, with a cancellation by unknown destinations, while Mexico and Taiwan were the reported new crop buyers against a cancellation by Japan.

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