Soybeans were steady to fractionally higher, climbing back from modest losses late in the session. The USDA lowered domestic 2019/20 ending stocks, expecting better export demand, but also lowered the price outlook for the current marketing year. Brazil’s production and export guesses, and China’s import estimate, were up on the month. The production and export estimates, including soybean product exports, for Argentina were unchanged. CONAB sees Brazil’s soybean crop at 123.2 million tons, compared to the new USDA guess of 125 million.
Continue reading Soybeans pull up from session lows at Brownfield Ag News.
