Soybeans were solidly higher on fund and technical buying but finished the week lower. Soybean products were up on solid demand, the broader market was mostly bullish during the session, and the dollar index was down. There is some rain in the forecast for parts of the Plains and Midwest this week, potentially stabilizing yields in some areas ahead of the harvest. Taiwan bought 104,000 tons of new crop U.S. soybeans Friday morning, but demand uncertainties for China are ongoing due to COVID lockdowns.
