Soybeans were modestly lower on fund and technical selling. It was an up and down day, largely because of uncertainties about China. The rumored purchases of U.S. ag goods by Beijing haven’t surfaced, at least not yet, and a couple hundred million bushels of U.S. beans previously purchased by China remain unshipped, with only about a month and a half left in the 2018/19 marketing year. Recent rhetoric from Washington D.C. and Beijing indicates a deal probably isn’t all that close and both side’s tariffs remain in place.
Continue reading China questions weigh on soybeans at Brownfield Ag News.
