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Weather outlook sends soybeans, corn mostly lower

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Soybeans were mostly lower. There’s a better chance of rain over the next few days, but it will have to actually happen and could miss some areas. Rain forecasts are generally more favorable in July and August as El Nino starts to fully emerge. Soybean meal was lower and bean oil was higher, adjusting product spreads. ANEC sees Brazil’s June soybean exports at 14.76 million tons, compared to 13.11 million as recently as last week, with soybean meal exports at 2.45 million tons, compared to 2.27 million a week ago.

Weather outlook sends soybeans, corn mostly lower

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