Soybeans were higher on commercial and technical buying, pulling contracts to a modest weekly gain. China bought 132,000 tons of 2019/20 U.S. soybeans and while sales have fallen short of some expectations, Beijing says it will buy for need. Negotiations are reportedly progressing well, Beijing says there has been a “consensus on principles”, even if no timeline has been announced for the signing of Phase One of the trade deal. The trade is also watching South American planting conditions, with Brazil expected to get more rain next week, while recent rain has helped speed up planting in parts of Argentina.
Continue reading Corn mostly weak, watching harvest activity at Brownfield Ag News.
