SOYBEAN COMPLEX PRICES MOVE LOWER ON POSITION SQUARING AHEAD OF USDA REPORT

Soybean complex prices moved lower today with nearby soybean futures off a little more than 3/4 percent. Nearby soybean meal futures fell 1/4 percent and nearby soybean oil futures fell 1 1/4 percent. Prices were pressured by an improving outlook for weather conditions across the Midwest, which should help harvest progress more quickly next week…