Soybeans were modestly lower on fund and technical selling, but still saw a good weekly gain after the post-USDA report jump on Monday. The outside markets were mostly bearish Friday on concerns about inflation and domestic and global economic growth. Demand from China in the delayed sales reports was better than expected, limiting losses. That demand was despite concerns about China’s economic health impacting purchases. The USDA did recently lower its 2022/23 soybean import guess for China.

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