National Ag News
Wheat up on lower ending stocks
Feb 9, 2017, 17:09 PM
by
System
Soybeans were lower on profit taking and technical selling. The USDA left U.S. ending stocks, Brazil’s production estimate, and Chinese imports unchanged. Argentina’s production estimate was lowered, but not as much as some were expecting. Unknown destinations bought 107,000 tons of 2016/17 U.S. beans and the weekly numbers were bullish. Soybeans are bracing for a big demand impact from South American production. Soybean meal and oil followed beans lower.
Corn was lower on profit taking and technical selling.
Continue reading Wheat up on lower ending stocks at Brownfield Ag News.
