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Soybeans, corn pressured by South America

Mar 7, 2017, 17:04 PM by System

Soybeans were lower on commercial and technical selling. Harvest conditions in most of Brazil look good and transportation issues have started to clear up. The USDA could raise South American production estimates Thursday in the monthly supply and demand update. FC Stone Tuesday estimated Brazil’s crop at 109 million tons. Soybean meal and oil followed beans lower.

Corn was lower on commercial and technical selling. Corn’s also watching the generally favorable weather in South America.

Continue reading Soybeans, corn pressured by South America at Brownfield Ag News.

     

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