Soybeans were modestly higher on short covering and technical buying. There’s more optimism about trade talks with China, but not a lot of publicly available details. Treasury Secretary Steven Mnuchin says enforceability issues are “nearly settled”, so a deal might be close. Trade talks with Japan get underway this week. Unknown destinations bought 140,000 tons of old crop U.S. beans, a routine amount, and weekly export inspections were bearish. Soybean meal was higher and bean oil was lower on the adjustment of product spreads.
Continue reading Weather concerns support corn at Brownfield Ag News.
