Soybeans were modestly lower on fund and technical selling, cementing the week to week losses. China and unknown destinations both bought U.S. soybeans Friday morning, but the announced sales of around 1.5 million tons so far have fallen short of the 5 million to 8 million the trade was expecting. That said – it’s unrealistic to expect that volume of sales to be booked immediately and more announcements are likely. China did buy 300,000 tons and unknown picked up 130,000 tons, both for 2018/19.
Continue reading Soybeans down as new sales still don’t meet expectations at Brownfield Ag News.
