Soybeans lost money for the week, ending with a 27 ¼ cent loss
on the July contract, the lowest level in seven months. Part of the bearishness
in the market is the prospect of record ending stocks if a deal with China is
not reached, according to DTN. The next round of talks with China is this
coming week in Beijing. Soybean exports and shipments were disappointing and put
additional pressure on the market.
Corn was higher, but gains were limited by profit taking.
Continue reading Soybeans suffer big losses for the week at Brownfield Ag News.
