Soybeans were modestly lower on fund and technical selling, following an up and down session. The trade stalemate continues with China as Beijing didn’t buy any U.S. soybeans last week. China is reportedly delaying some purchases of soybeans, even from Brazil, because of slowing feed demand linked to African Swine Fever along with margin concerns. U.S. and Chinese tariffs remain in place and recent rhetoric from both points to the probability of protracted negotiations, even if China has pledged to increase policing of U.S.
Continue reading Slow demand continues to weigh on soybeans at Brownfield Ag News.
