Soybeans were modestly higher on short covering and technical buying, rallying late after two-sided trade for most of the session. Contracts were oversold after the recent losses, but beans still want to see more fresh business from China. Recent purchases haven’t met trade expectations and there are uncertainties about negotiations ahead of more talks later this month. The continued spread of African swine fever is impacting meal demand, with China’s National Grain and Oil Information Center projecting a 5% decline.
Continue reading Soybeans, corn bounce late in session at Brownfield Ag News.
