Soybeans were modestly higher on short covering and technical buying. Contracts saw a light bounce and while China did buy U.S. beans last week, it was a relatively small amount, just over 200,000 tons. Cumulative purchases by Beijing have been far short of expected amounts, with the face to face negotiations resuming next week. According to China’s General Administration of Customs, March soybean imports were 4.92 million tons, 2.79 million from Brazil, 1.5 million tons from the U.S., and 205,000 from Canada.
Continue reading Soybeans, corn bounce off recent lows at Brownfield Ag News.
