Soybeans were higher on commercial and technical buying. There’s
more talk about a deal with China, but nothing’s been confirmed. China has
reportedly acknowledged U.S. hacking and intellectual property concerns, two
big sticking points in recent negotiations. Weekly export sales were larger
than expected, with China last week’s big buyer. Soybean meal and oil were
higher, following beans. The USDA and Statistics Canada say the two nations
crushed 65.2 million tons of beans in 2018, up 10% from 2017, for crude oil
production of 24.9 billion pounds, an increase of 2 billion on the year.
Continue reading Trade talk optimism supports soybeans, corn at Brownfield Ag News.
