Soybeans were sharply lower on commercial and technical selling. Brazil’s equivalent of the USDA, CONAB, did lower its domestic production outlook, but not by as much as what some in the trade were expecting. At 118.8 million tons, it’s also more than what many private firms are currently projecting. The USDA’s next guess was scheduled for Friday, but that’s delayed by the partial shutdown of the federal government. There’s also some disappointment connected to a lack of public progress in trade talks between the U.S.
Continue reading Soybeans, corn down on Brazil, dollar, trade questions at Brownfield Ag News.
