Soybeans closed sharply higher Friday after large losses on Thursday where the July contract lost $1.18 setting a single day record for loss on an active continuation basis. Soybean trade saw strength return to the market and the entire soy complex turned higher after a multi-day rundown mostly for soybean oil. Drought like conditions in several key soybean growing states were bullish for the market. Shipping progress from South America could limit the bullish movement next week.
