Soybeans were modestly higher on short covering and technical buying, rallying slightly after a mostly weak start to the day. Contracts saw a bounce off the multi-month lows, but continue to watch harvest progress in South America, expecting large crops out of both Argentina and Brazil. Celeres raised its outlook for Brazil’s crop to 115.8 million tons and Argentina’s government has their crop at 55.9 million tons. The trade is also waiting for the next step in negotiations with China.
Continue reading Quiet close for corn, soybeans, and wheat at Brownfield Ag News.
