Soybeans found support in the strong demand for soybean products. Both soybean oil and soybean meal were higher on Friday. Ending stocks are estimated at the lowest levels in several years and crush margins have been profitable. While export sales are up 4% year-over-year, shipments are still down 8% from 2021. Sales to China are also higher and the USDA reported a sale of soybeans to unknown destinations, which usually is switched to China of 4.6 mb.
