More losses for corn, soybeans, and wheat

More losses for corn, soybeans, and wheat

Soybeans were lower on fund and technical selling. The broader market and most ag commodities continued to reel on concerns about coronavirus. A new bond-buying plan from the Federal Reserve did pull trade up from the session’s lows, but that ran its’ course and the Dow Jones Industrial Average had its’ worst session since Black Monday 1987. Weekly soybean sales were a marketing year low following a cancellation by China. China didn’t buy any U.S.