National Ag News
Wheat lower on bearish supply fundamentals
Feb 21, 2017, 17:02 PM
by
System
Soybeans were modestly lower on profit taking and technical selling. Conditions in South America generally look good. According to Safras e Mercado, 24.8% of Brazil’s corn crop is harvested, with Mato Grosso at 52% complete. The Buenos Aires Grain Exchange expects soybean production to be around 54.8 million tons, if weather holds. Demand’s solid, but the market expects at least some impact from South America. Soybean meal and oil followed beans lower.
Corn was firm on short covering and technical buying.
Continue reading Wheat lower on bearish supply fundamentals at Brownfield Ag News.
