Soybeans were lower on profit taking and technical selling but closing well above the session lows and finishing the week sharply higher. Rain fell during the week in some of the drier parts of the Midwest and Plains, helping production outlooks, at least to some extent. Ida could cause quality concerns and early harvest delays in the Delta and southeastern areas. Ahead of the open, China bought 129,000 tons of new crop U.S. soybeans, pushing the announced running total for the month to 3,241,940 tons, nearly all of that for 2021/22 delivery and primarily to either China or unknown destinations.
