Soybeans up modestly after good export sales numbers

Soybeans up modestly after good export sales numbers

Soybeans were modestly higher on short covering and technical buying, ending the week mixed. Export sales topped most expectations, China was the leading buyer, and overall, the numbers were neutral to bullish, with a good week for shipments. According to reports, China has also resumed buying soybeans from Brazil, atypical for this time of year, and a sign China might not be in a rush to buy the talked about amount of U.S. ag goods.

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