Soybeans were modestly higher on short covering and technical buying. Weekly export sales were at the high end of estimates and quarterly stocks numbers are out Friday at Noon Eastern/11 Central. Stocks are expected to be up on the year, but with solid fourth quarter demand. The trade is watching South American planting and U.S. harvest activity. Brazil’s record planting pace is could slow because of weather, there are uncertainties about acreage in Argentina, and rain in parts of the Midwest and Plains is expected to slow harvest in some areas down at least slightly.
Continue reading Soybeans, corn up ahead of quarterly stocks data at Brownfield Ag News.
