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Profit taking pushes soybeans, corn lower

Mar 2, 2017, 17:04 PM by System

Soybeans were lower on profit taking and technical selling. Contracts pulled back a bit after a couple of days of gains, watching harvest activity in South America. There are some near term weather delays and continued transportation issues in the Amazon area of Brazil, but overall, those are temporary and the impending rush of South American soybeans is a bearish factor. Informa now sees Brazil at 108 million tons and Argentina at 55 million.

Continue reading Profit taking pushes soybeans, corn lower at Brownfield Ag News.

     

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