Soybeans were mixed on spread adjustments, with nearby contracts down and deferred months up, consolidating after the recent gains. Beans continue to wait for more details on phase one of the trade deal with China. The deal is unsigned and new tariff waivers might not be issued until after it is signed. China is still buying U.S. beans, but is also rumored to still be buying from Brazil as well. Some estimates have Chinese/Brazilian trade dropping by billions of dollars if/when the U.S./China deal is finalized.
Continue reading Corn, wheat give back some gains at Brownfield Ag News.
