Soybeans were higher on fund and technical buying. A team from China will reportedly be in the U.S. later this week to sign phase one of the trade deal. China also announced approval of two new varieties of GMO soybeans. It remains to be seen when the much talked about large scale purchases of U.S. ag goods will start. Last week’s export sales numbers covered the first week since the tacit agreement on phase one of the trade deal, but were viewed as disappointing, even with China as the big weekly buyer.
Continue reading Soybeans higher on China expectations at Brownfield Ag News.
