Soybeans were modestly higher on short covering and technical buying. The trade is getting ready for next week’s cabinet-level discussions with China and still taking somewhat of a wait and see attitude. China has pledged to buy a lot of U.S. beans and while sales haven’t materialized, it’s a factor in the background, but so is President Trump saying tariffs could remain on imports from China for a “substantial period of time”. The continued spread of African Swine Fever is a question mark for soybean and bean meal demand and intellectual property issues continue to be a sticking point in trade talks.
Continue reading Soybeans, corn up, watching weather, waiting for China at Brownfield Ag News.
