Amanda Brill at Total Farm Marketing said, “Soybeans were slightly lower to end the day in relatively quiet trade. Concerns over upcoming potential tariffs along with the ongoing Brazilian soybean harvest have put pressure on the market. Export inspections were better than last week, which was supportive. Soybean meal led soybeans lower while soybean oil was higher.” AgRural estimates the 2024/25 soybean crop at 165.9 MMT, a drop of 2.3 MMT from their previous estimate. The crop is now pegged at 77% harvested, vs. 69% from the same time last year. Amanda Brill at Total Farm Marketing said, “In South America, weather conditions have improved in southern Brazil, where 41% of the soybean crop is reportedly filling pods. Argentina has also received more rain as its crop progresses toward maturity, following a relatively dry season.”