Soybeans were sharply lower on fund and technical selling in low trading volume. Still no official confirmation of new demand from China ahead of more face to face trade talks later this month. Negotiations are reportedly ongoing via video conferencing. Data from the U.S. Census Bureau indicates strained relations with major trading partners pushed the U.S. trade deficit higher in December. South American crop weather generally looks favorable for development and harvest, with soybeans in Argentina and Brazil currently cheaper than U.S.
Continue reading Down day for grains and oilseeds at Brownfield Ag News.
