CBoT soybeans will probably see a weekly plus

Soybean futures at CBoT are likely to see a 1% weekly gain today as China is preparing to buy more of the US oilseed.
Yesterday, the USDA reported another Chinese purchase of 272,000 tons. Analysts cheer that buyers are back. Yesterday, the Reuters news service reported that China is preparing to buy 30 million tons of agricultural goods to replenish its state reserves. This is to ensure the supply of food should the logistics chains be interrupted during the corona pandemic. Most of the purchases will come from the United States.
This includes around 10 million tons of soybeans and 20 million tons of corn.