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Supply pressure sends soybeans, corn lower

Feb 23, 2017, 17:03 PM by System

Soybeans were lower on commercial and technical selling. Brazil’s harvest is about a third of the way complete with a few near term rain delays. Private firm AgroConsult has Brazil’s crop at 107.8 million tons. The Buenos Aires Grain Exchange has Argentina’s crop at 54.8 million tons. The USDA’s Ag Outlook Forum has planted area at 88 million acres with an average price of $9.60 per bushel. Soybean meal and oil followed beans lower.

Continue reading Supply pressure sends soybeans, corn lower at Brownfield Ag News.

     

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