Soybeans were sharply lower on fund and technical selling. There was more rain over the weekend in some key growing areas, potentially boosting prospects during the key month for beans. However, some damage has definitely been done, with condition ratings near historic lows for most of the growing season. The USDA says 54% of U.S. soybeans are in good to excellent condition, up 2%, with 90% blooming and 66% at the pod setting stage, both ahead of their respective five-year averages.
