Soybeans were lower on profit taking and technical selling. There was pressure from rain in dry parts of Brazil, but that shift in weather probably won’t last long, and southern areas are very wet. While some private estimates are down, the trade is expecting another record crop in Brazil, for now. CONAB’s updated outlook for Brazil is scheduled for December 7th, with the USDA’s new supply, demand, and production projections out the following day. Conditions are better than a year ago in parts of Argentina.