Soybeans were higher Monday. Friday’s March 1 soybean stocks
estimate was in line with expectations but showed plenty of soybeans. Acreage
was less than expected. Trade talks with China resume later this week, but
China continues to buy U.S. beans. The USDA says they purchased 828,000 metric
tons Monday. That’s added to Friday’s sale of 816,000 metric tons, both for delivery
this marketing year.
Corn was higher Monday coming off Friday’s price drop resulting from the high
acreage number and higher-than-expected corn stocks number.
Continue reading Soybeans, grains supported by continued China trade talks at Brownfield Ag News.
