Soybeans were modestly higher on short covering and technical buying. The trade continues to wait and see what happens in talks with China, which resume Wednesday. Progress is reportedly being made. The USDA’s attaché in China projects 2018/19 soybean imports at 88 million tons, rising to 91.5 million in 2019/20. The USDA says African swine fever is still a factor in feed demand, but many Chinese consumers are switching to beef, chicken, or seafood, all of which would require increased meal imports or domestic crushing.
Continue reading Soybeans up, corn mixed ahead of more trade talks at Brownfield Ag News.
