China was the lead buyer of U.S. soybeans on the week at nearly 1.9 MMT.
Soybean led the price pullback overnight after recent, strong gains.
Corn and soybean basis both slipped as harvest continues to progress faster than normal and yields are big.
The report is expected to show larger placements again for September.
Agriculture conditions were mixed and energy markets were little changed, on balance.
Soybeans, along with soyoil, led price strength in the grain and soy complex overnight.
Grain and soy futures found followthrough buying overnight, supported in part by outside markets.
Soybean and corn export inspections topped expectations and year-ago levels.
Soybeans pulled back overnight from the corrective gains late last week. Corn and wheat didn’t stray far from unchanged.
Corn, soybean and winter wheat futures extended Thursday’s corrective gains overnight, while HRS futures posted new contract highs for the sixth time in the last eight trading sessions.

Brian Grete