Soybeans closed lower on profit taking and technical selling, following the lower moves in soybean products. Export sales were up on the week, mostly to China, but sales did fall below the four-week average. While it was a solid week for shipments and China was the big buyer, the overall pace remains behind 2020/21 and China is also buying beans from Brazil. The trade is also watching the tail end of the U.S. harvest and conditions in South America.
