Soybeans were higher on commercial and technical buying. There’s renewed, albeit reserved, optimism about China, with high-level talks reportedly scheduled for October 10th and 11th. There have also been unconfirmed reports of new sales of U.S. soybeans to China, with U.S. beans at a discount to competing origins. All that said, nothing has been signed and most of the major tariffs remain in place. Large parts of Argentina and Brazil are dry during early planting and forecasted rain for Brazil might not meet initial expectations.
Continue reading Cautious optimism supports soybeans at Brownfield Ag News.
