Soybeans were sharply lower on commercial and technical selling, along with spillover from bean oil, ending the week lower. The USDA may have raised old and new crop U.S. ending stocks Thursday, but the supply remains historically tight. There’s still two and a half months left in the 2020/21 marketing year and 2021/22 runs through the end of August 2022. In other words, there’s still a lot up in the air at this point for the supply and demand fundamentals.

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