Soybeans were solidly higher on fund and technical buying, along with a generally bullish move in the broader market. China and unknown destinations bought 2021/22 U.S. beans Thursday morning, 130,000 and 164,100 tons, respectively, and while weekly sales were lower, they were still over a million tons. Last week’s biggest buyer was China, but Beijing is still leaning on Brazil for large parts of its purchase needs due to their price advantage starting this winter.
