Soybeans were modestly higher on fund and technical buying but ended the week lower. Most forecasts have moderate temperatures and generally dry conditions in the Midwest and Plains during the coming week. The U.S. crop is in good shape but will need timely rainfall in some areas to stay at full yield potential. The USDA’s next production estimate is out August 12th, but if changes are warranted, they might not show up until September. There was more talk of new demand from China, but nothing surfaced during the session.

…