Soybeans were higher on commercial and technical buying. The G20 got underway Friday and there was some optimism in the trade ahead of talks between the U.S. and China expected to occur Saturday. Still, this could be “buy the rumor, sell the fact” type trade. Unknown destinations bought 120,000 tons of 2018/19 U.S. soybeans. Given the recent purchase patterns, that could end up heading to Argentina to be crushed and resold. The trade is also monitoring development in South America, expecting generally good conditions in Argentina and Brazil, along with the remaining U.S.
Continue reading Soybeans, corn up on G20 hopes at Brownfield Ag News.
