Soybeans were lower on profit taking and technical selling, starting the month by giving back part of Tuesday’s gains. The trade is continuing to monitor tensions with China, including new talk of higher U.S. tariffs on Chinese goods. President Trump reportedly wants to apply a 25% tariff on imports from China, instead of the previously floated 10%. Beans are also watching U.S. crop development conditions, with uncertainties about potential stress in parts of the Midwest and Plains.
Continue reading Soybeans start August on a down note at Brownfield Ag News.
