Soybeans were modestly higher on short covering and technical buying. The trade is monitoring COVID lockdowns in China and the impact on soybean demand, following some bearish August import numbers. China’s National Grain and Oil Information Center says domestic stocks ticked higher last week due to a slower crush pace. There was also some spillover from a higher move in bean oil, which helped offset some of the bearish influence from the lower trade in meal.
Wheat gives back some gains
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