Soybeans were modestly higher on short covering and technical buying, adding to the week’s gains. It was an up and down day for beans, watching U.S. harvest activity, with contracts finding support from the lower trade in the dollar. Additionally, soybean meal and oil ended the day just under the session highs, supported by strong crush margins. There was also some follow-through support from Thursday, which was tied to the most recent USDA export sales report.
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