Soybeans were modestly lower on profit taking and commercial selling. Brazil’s harvest is ahead of average and almost 20% complete, so there’s a lot of export competition on the horizon. Their key production state of Mato Grosso is nearly at the halfway mark. Brazil’s Vegetable Oils Industry Association sees total production at 104.6 million tons, above the USDA’s most recent guess. Most forecasts have more rain this week in already wet parts of Argentina.
Continue reading Corn up modestly on new export sale at Brownfield Ag News.
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