Soybeans were modestly lower on fund and technical selling, confirming a modestly lower weekly finish. The USDA is projecting a bigger crop this year, but tighter ending stocks on a jump in export and crush demand. China didn’t purchase any U.S. soybeans during the week ending February 13th and overall the weekly numbers were neutral. Still, that marketing week ended before China rolled back tariffs and confirmed one-year waivers, and the U.S. government expects China to meet purchase targets, even with the uncertainties created by the coronavirus.
Continue reading Soybeans, corn down on USDA acreage expectations at Brownfield Ag News.
