Driven by profit-taking and technical selling, CBOT soybean futures closed modestly lower on Wednesday, with soybean oil and soybean meal also declining in tandem. The crop progress report released by the USDA showed that as of the week ending April 19, U.S. soybean planting progress reached 12%, in line with market expectations, compared with 7% for the same period last year and a five-year average of 5%.Soybean harvesting in Brazil is nearing completion. Agricultural consultancy Safras & Mercado indicated that Brazil's soybean production will increase by 3.7% year-on-year to 178.11 million metric tons. As the weather window in South America gradually narrows, market attention has shifted from South America to North America. The continued deepening of the global soybean supply glut remains a constraint on price recovery.