Soybeans were modestly higher on short covering and technical buying. At least some progress was made in this last round of talks with China and more negotiations are expected in the coming week. Crop weather in South America looks non-threatening to favorable, including rain in dry parts of Brazil. Harvest is ongoing in Brazil, so there could be some delays, but in general the precipitation is expected to be beneficial. After a recent spate of buys from the U.S., China has switched back to Brazilian beans and there’s also talk of Beijing increasing purchases of soybean products.
Continue reading Soybeans up ahead of more talks with China at Brownfield Ag News.
