Soybeans were higher on commercial and technical buying, helping contracts post a week to week gain. The USDA has acreage at 80 million acres, down 10% from 2018, with a 47% year to year jump in stocks, with supplies hitting a June 1st record. That acreage number will likely change with a USDA resurvey and stocks were actually smaller than expected. The trade expects decent planting progress overall in Monday’s weekly numbers. China bought 544,000 tons of old crop U.S.
Continue reading Soybeans higher, corn lower after USDA numbers at Brownfield Ag News.
