Soybeans were modestly higher on short covering and technical buying, closing the short week with solid gains. The big driver for beans continues to be strong end user demand for soybeans and soybean products, along with solid crush margins. Soybean meal was mostly higher and bean oil was up on commercial activity. Soybean export sales were a marketing year low, China was the biggest buyer, but there was a cancellation by unknown destinations. Soybean meal and oil export sales were up sharply on the week, with a new marketing year high for bean oil.

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