Soybeans were lower on profit taking and technical selling. Soybeans continue to wait for the upcoming talks with China after another week of conflicting signals from both sides. Cabinet-level trade meetings are scheduled for next week. Chinese purchases of U.S. soybeans have improved but haven’t come anywhere close to the rumored amounts, and possible soybean meal demand could be dented by the spread of African Swine Fever. The trade is also watching weather in South America, which, aside from scattered dry conditions in parts of Argentina, generally look favorable.
Continue reading Corn up on export sale to China at Brownfield Ag News.
