Soybeans were higher on commercial and technical buying but ended the week lower. China bought 131,000 tons of new crop U.S. beans, their first reported purchase since June 24th. That followed up Thursday’s sale of 300,000 tons of 2021/22 beans to unknown destinations, which could turn out to be China when it’s time for delivery. The U.S. Gulf beans now have a price advantage over Brazilian FOB beans starting in September. The trade is also watching U.S.
