Soybeans were higher on short covering and technical buying. Contracts were oversold, with most of Monday’s losses because of that decline for corn futures. Monday’s USDA numbers bullish on beans, but not enough to break the hold of corn. Reports have the U.S. and China resuming negotiations in two weeks and the U.S. will delay tariffs on some Chinese products. The selected new tariffs, originally scheduled to go into effect September 1st, will be delayed until December 15th and mostly impact consumer goods and electronics.
Continue reading Corn posts more losses at Brownfield Ag News.
