Traders are waiting for the USDA report tomorrow. Unless the CBOT closes higher tomorrow, we may see some lower prices tomorrow since the close was really what pushed us higher today. We need to go a little lower in order to see China back in the market. It is unlikely that they will chase the market higher at this point in the year. The crushers have been relatively quiet recently.
Oil remains difficult to sell so it is hard to keep crushing.
In addition, the US announced today that they have very large soyoil stocks, much larger than expected which won't help prices out.