Soybeans were modestly lower on fund and technical selling. The trade is waiting to see what happens in this week’s negotiations with China. It’s been a week of conflicting signals, but talks finally get underway soon, and more U.S. tariffs are scheduled to go into effect Friday. For now, China’s tariff on U.S. soybeans remains in place and demand is a question mark because of the spread of African Swine Fever. Supply bearishness is a big factor, with large South American crops and slow export demand for U.S.
Continue reading Soybeans down ahead of talks with China at Brownfield Ag News.
