Soybeans were modestly lower on fund and technical selling. It was an up and down day, waiting to see what’s next with China. China has reportedly stopped buying U.S. ag goods and might place tariffs on purchases made after August 3rd, while President Trump wants to place a 10% tariff on $300 billion of imported Chinese goods. With the existing tariffs in place, that’d cover nearly everything the U.S. purchases from China and China’s tariffs also remain in place.
Continue reading Demand issues pressure soybeans, corn at Brownfield Ag News.
