Soybeans were lower on fund and technical selling, giving back Friday’s gains and then some. Beans continue to wait for some solid sign of increased buying interest from China under Phase One of the trade agreement. Weekly export inspections were bullish, mostly to China, but those were previously purchased beans and sales totals the last few weeks have been lackluster. Since the signing of Phase One on the 16th, no daily sales have been announced by the USDA and China’s Lunar New Year celebration is coming up later this week.
Continue reading Soybeans down, waiting for better demand from China at Brownfield Ag News.
