Grains, oilseeds end week gaining strength

Soybeans closed the week gaining support. The complex is being supported by continued drought pressure in Brazil. Some scattered rains in Brazil and Argentina added downward pressure in the market early this week. Struggling South American crops have given U.S. beans support on the global market, even with elevated prices. The USDA announced the sale of 132,000 metric tons of old crop soybeans to China Friday morning. That was the third announced soybean sale of the week, the other two were marked for unknown destinations.

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