Soybeans were lower on profit taking and technical selling, pulling contracts to a lower weekly finish. Soybeans gave back most of Thursday’s gains with spillover from soybean products and palm oil. The trade continues to monitor U.S. planting, including potential acreage switching from corn, and the tail end of harvest activity in South America. The Buenos Aires Grain Exchange says 92.2% of Argentina’s soybean crop has been harvested. China did buy 104,000 tons of old crop U.S.
