National Ag News

Soybeans were higher on commercial and technical buying. Malaysian palm oil futures hung around recent four year highs heading into Wednesday and NOPA crush numbers were bullish. In January, member firms crushed 160.621 million bushels, larger than expected, in addition to be up on the month and the year. South American harvest conditions generally look good. Soybean meal was sharply higher and bean oil was lower on aggressive product spread trade. Bean oil was also pressured by a year to year increase in stocks.

Continue reading Domestic demand supports soybeans, corn at Brownfield Ag News.