Wheat gives back some gains

Wheat gives back some gains

Soybeans were mixed, mostly fractionally lower. Fundamentally, as South America’s harvest advances and export demand remains slow, supply is a bearish factor and beans are waiting to see what happens next with China. Talks are scheduled to resume next week in Washington D.C. Harvest conditions in South American generally look good and Argentina’s beans are priced lower than even Brazilian supplies. There’s also the probability of higher U.S. soybean acreage because of corn and spring wheat planting delays.

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