Brandon Doherty at Total Farm Marketing said, “Soybeans ended the day lower for the second consecutive day and closed below all major moving averages. Weather forecasts over the weekend shifted to be slightly less severe, going into August with more moderate temperatures and better chances for rain. Export inspections were not supportive, and there are concerns that demand will not keep up with the larger crop that is expected. Soybean meal led the complex lower while bean oil was higher.” Chad Pater at CHS Hedging said, “The crop progress report released today after the close had soybeans rated 70% good to excellent, moving up 2% from last week's number.”