Soybeans were lower showing caution over the ability of the U.S. and China to get a phase-one trade deal in writing. There is uncertainty about what will be in it which creates tension for soybean prices at the end of 2019, but cash soybean prices should be well supported in the December range. Friday morning, the USDA said 27.1 million bushels of soybeans were sold for export last week and 37 were shipped. Total shipments in 2019-20 are up 24% because of China’s increased participation.
Continue reading A welcome rebound for wheat at Brownfield Ag News.
