Soybeans were higher on short covering and technical buying, ending a volatile week mixed, up for old crop, mostly weak for new crop. Beans continue to look at a tight near-term supply and solid domestic demand. There’s been more talk of U.S. soybean imports from Brazil, especially into the East Coast. Export demand has slowed because of high U.S. prices, lower prices in Brazil, and Argentina’s ongoing harvest. April is expected to be a big month for sales from Brazil, particularly to China, and the trade is watching the soybean product shipping pace from Argentina closely.

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