Soybeans were lower on commercial and technical selling, with the most active contracts pulled to a weak week to week finish. Quarterly stocks were larger than expected with slow fourth quarter demand and an upward revision to 2017 production. Beans continue to monitor U.S. harvest activity and South American planting. According to wire reports, 4.6% of Brazil’s 2018/19 crop is planted, ahead of last year and the five-year average, with generally favorable conditions expected.
Continue reading USDA numbers pressure corn, soybeans, and wheat at Brownfield Ag News.
