Soybeans were modestly lower on fund and technical selling. China says nearly 700 U.S. ag goods, including soybeans, are eligible for one-year tariff waivers, now Beijing has to actually start issuing those waivers. That might take some time. Crop conditions look good in most of South America and Brazil’s beans are cheaper than U.S. supplies, with the discount greater in the deferred contracts than in the nearby months. Also, China’s tariff on U.S. beans didn’t dip that much, moving from 30% to 27.5%.
Continue reading Wheat sharply higher on smaller Australia crop at Brownfield Ag News.
