Soybeans were higher on fund and technical buying but finished the week with significant losses following recent U.S. rainfall. China bought 130,000 tons of U.S. beans Friday morning, for a two-day total of 256,000 tons, continuing the August bump in demand. Most forecasts had drier conditions in many areas for the first full week of September, which should aid early harvest activity. Recent rainfall has likely helped production prospects at least somewhat. StoneX estimates production at 4.409 billion bushels with an average yield of 50.8 bushels per acre, both a little bit larger than their August projections.
