AgResource Soybean Comment and Analysis
Soybeans Rally on New Chinese Purchases: Soybean futures were mostly 7-8.5 cents higher to end the week. The exception was August which gained 19.75 cents ahead of the upcoming expiration. The USDA announced sales of 4.8 Mil Bu of soybeans to China, while trade rumors suggested that there have been another 8-10 cargos sold to…