Soybeans were lower on profit taking and technical selling. The trade is waiting to see what’s next with China, with their soybean demand impacted by African Swine Fever. Beijing has recently confirmed a slowdown in bean purchases coinciding with significant drops in swine herd size. There are more than 200 million bushels of previously purchased U.S. beans yet to be shipped to the world’s biggest buyer of the oilseed. U.S. and Chinese tariffs remain in place and no timeline for negotiations has been released publicly.
Continue reading Profit taking pushes corn, soybeans, wheat lower at Brownfield Ag News.
