Downward drift continues for corn, soybeans, wheat

Downward drift continues for corn, soybeans, wheat

Soybeans were lower on fund and technical selling, posting losses for the third consecutive session. The trade is waiting for what’s next with China, but African Swine Fever is impacting Chinese demand for beans, with a private firm from China projecting decreases in imports through at least June. Face to face negotiations are scheduled to resume next week. Harvest is close to wrapping up in Brazil and advancing at a strong clip in Argentina. DTN says FOB U.S.

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