I've configure postfix for mandrill as follows
in /etc/postfix/sasl_passwd
[smtp.mandrillapp.com]:587 myusername:apikey
then ran postmap /etc/postfix/sasl_passwd
In /etc/postfix/main.cf
I added
myhostname = webmail.mysite.com
mydestination = localhost
smtp_sasl_auth_enable = yes
smtp_sasl_password_maps = hash:/etc/postfix/sasl_passwd
smtp_sasl_security_options = noanonymous
relayhost = [smtp.mandrillapp.com]:587
But mail sending failed log shows
SASL authentication failed; server smtp.mandrillapp.com[52.7.100.156] said: 435 4.7.8 Error: authentication failed: