Soybean futures contracts on the CBOT closed lower for the third consecutive session, with drops in prices for soybeans, soybean meal, and soybean oil. The slow pace of planting in Brazil due to climate problems is being monitored by the market, but the forecast of rain in the coming weeks is expected to benefit crop development. Optimistic estimates for Argentina's soybean harvest are limiting momentum in Chicago, with predictions of a harvest of up to 50 million tons in 2023/24.