Soybeans were lower on fund and technical selling, managing to finish just above the session lows. U.S. export sales were a marketing year low at just 6 million bushels, reflecting Brazil’s hold on the market due to a price advantage. March beans traded below $12 briefly, but were able to climb back above that psychologically significant mark. Last week’s big buyers of U.S. soybeans were China and Egypt, even if those sales were nothing to write home about, and unknown destinations had a significant cancelation.
