Soybeans were modestly higher on commercial and technical buying, still ending the week modestly to sharply lower. Contracts bounced back a little from Thursday’s meltdown, watching tight near-term supply and overall solid demand fundamentals, but gains were limited by losses in corn and bean meal. Soybean meal was down and soybean oil was up on the adjustment of product spreads. The trade is also monitoring planting and development conditions in the Midwest and Plains. The USDA’s weekly crop progress and condition numbers are out Monday at 4 Eastern/3 Central.
