Soybeans were modestly lower on fund and technical selling, pulling the most active contracts to modest weekly losses. The equity markets and crude oil posted another round of losses on coronavirus concerns and while China is accepting requests for one-year tariff waivers, Brazil’s beans remain cheaper, even without the waiver. Conditions generally look good in South America, with dry parts of Brazil expected to get rain in the coming week and Argentina also on track for a large crop.
