Overnight, the CBOT soybean main contract closed slightly lower, primarily weighed down by fund selling, falling oil prices, and a strengthening US dollar. The USDA weekly crop progress report showed that the U.S. soybean good-to-excellent rating held steady at 66%, unchanged from both the previous week and the same period last year. The weekly export inspection report indicated that for the week ending June 18, U.S. soybean export inspections totaled 241,000 metric tons, down 55% from the prior week but up 19% year-over-year. Abundant rainfall in the Midwest continued to pressure prices, though persistent wet conditions may begin to hinder crop growth. A stronger dollar and rising interest rate expectations also added downward pressure. In the near term, market attention will focus on the upcoming end-of-month Planting Intentions report for further direction.