Soybeans were modestly higher on short covering and technical buying. China is reportedly exempting U.S. beans from a tariff increase ahead of the next round of negotiations. The next high-level talks are at a still unspecified date in October. China bought 204,000 tons of new crop U.S. beans Friday morning, less than what the trade was talking about Thursday during the big rally. Still, it can take some time to put together a rumored purchase of that size.
Continue reading Soybeans up, waiting for more on China at Brownfield Ag News.
