Soybeans were modestly higher on short covering and technical buying, but with November posting a more than $.20 week to week loss. Contracts were oversold and there are concerns about dry weather in parts of the Midwest, especially Illinois, Indiana, Iowa, and Missouri. Gains were limited by the probability of new U.S. tariffs on China and anticipated retaliation by Beijing. President Trump has proposed a 10% tariff on another $300 billion of Chinese goods. This probably negates any interest from Beijing for U.S.
Continue reading Grains, oilseeds gain Friday, still lose on week at Brownfield Ag News.
