National Ag News

Soybeans were lower on profit taking and technical selling. South American conditions generally look good with only limited flooding expected in Argentina. Brazil’s harvest is reportedly a little more than halfway complete. Export demand for U.S. beans is strong, but there’s competition coming up. Domestic demand is expected to stay strong. Soybean meal and oil futures followed beans lower.

Corn was lower on profit taking and technical selling. Corn’s also watching conditions in South America and expecting at least some slowdown in export demand, against continued solid domestic demand.

Continue reading Soybeans, corn down watching South America at Brownfield Ag News.