Soybeans were lower on fund and technical selling, pulling contracts modestly lower for the week. Early harvest activity is ongoing and planting is underway in parts of Brazil. The U.S. could see some minor delays, while portions of central Brazil need rain. China bought 132,000 tons of U.S. soybeans, showing strong export demand as their domestic prices move higher. That’s the 8th purchase this month for a running total of 694,000 tons, minus the combined 328,000 tons canceled earlier in the week by China and unknown destinations.

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