Soybeans were modestly higher on commercial and technical buying, along with spillover from the outside markets. The trade remains optimistic about recent discussions with China ahead of Cabinet-level talks expected later this month. Beans are also watching development conditions in South America, especially forecasts for dry parts of Brazil. Several private firms have lowered their outlook for the big export competitor and Brazil’s equivalent of the USDA, CONAB, is set to update their projection Thursday.
Continue reading Soybeans, corn up on lower dollar, trade optimism at Brownfield Ag News.
