DRIER WEATHER FORECAST TRIGGERS PROFIT TAKING IN SOYBEAN COMPLEX

Soybean complex futures retreated from multi-month highs on Tuesday as profit taking and a drier weather outlook for the Midwest combined to push prices lower. Soybean futures lost about 3/4 percent while soybean meal futures fell about 1 1/4 percent and soybean oil futures declined a little more than 1/4 percent. Funds were reported sellers of 6,000…