Amanda Brill at Total Farm Marketing said, “Soybeans are trading lower to start the day following three consecutive days of gains which brought prices back above the 100-day moving average. A close firmly above the 100-day would be technically bullish. Soybean meal is lower while bean oil is trading higher.” The Buenos Aires Grain Exchange estimates 88.7% of the Argentina harvest has been completed, with their production forecast at 50 MMT. The Hightower Report said, “Drought area continues to shrink across the Midwest and bean are under drought was down 1% to 16%, compared to 2% this time last year.” Austin Schroeder at Barchart.com said, “Export Sales data indicated a total of 194,345 MT of 2024/25 soybeans booked in the week of May 29. That was back up from last week and 2.5% larger than the same week last year. The top buyer was Bangladesh of 57,500 MT, with 29,600 MT sold to Norway, as China now has 0 MT on the book of unshipped sales. New crop business was just 3,544 MT, a 6-week low.”