Soybeans drop ahead of China talks

Soybeans drop ahead of China talks

Soybeans were lower on fund and technical selling. The trade is waiting to see what happens with China as face to face Cabinet-level negotiations resume Thursday. Big questions heading into the meeting are the impact of African swine fever on demand and intellectual property concerns. Beans are also waiting for widespread U.S. planting with the USDA’s intentions report out Friday. Early expectations are for at least some shift away from corn and spring wheat to beans.

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