Soybeans, corn give back some gains

Soybeans were lower on profit taking and technical selling, unable to hold onto the session’s early gains. Forecasts are mixed this week, with the potential for rain in some dry portions of the Midwest. The trade was also getting ready for the first national soybean condition rating of the season. The USDA says 91% of U.S. soybeans are planted, compared to the five-year average of 76%, and 74% has emerged, compared to 56% on average.

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