Soybeans were modestly lower on profit taking and technical selling but finished the week solidly higher. The trade was expecting good harvest progress in most key U.S. growing areas over the next couple of weeks. The USDA’s next update is out Monday afternoon. The USDA’s next production estimate is out Friday and ahead of the numbers, Allendale has beans at 4.321 billion bushels with an average yield of 52.22 bushels per acre, IHS Markit has the crop at 4.294 billion bushels with a yield of 51.9 bushels per acre, and StoneX pegs production at 4.351 billion bushels with an average yield of 52.4 bushels per acre.

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