Soybeans were lower on fund and technical selling, ending the week sharply lower. The trade was watching harvest and development conditions in Argentina and Brazil. Contracts were up early but unable to follow through on those South American factors and general uncertainties about global demand on the continued spread of COVID-19. There was also some hangover from the marketing year low reported for export sales Thursday, which followed a cancellation by China, but also featured just a slow week for sales.
