Soybeans post more new lows

Soybeans were lower on commercial and technical selling, with July notching another two-year low spot price. Weekly export numbers were neutral to bearish and trade tensions with China continue ahead of scheduled tariffs, with no public progress reported. China and unknown destinations both canceled on previously purchased old crop U.S. beans. Near term U.S. crop weather generally looks non-threatening, but there are some areas of concern, with dry conditions in parts of the Midwest, along with potential flash flooding.

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