National Ag News

Soybeans were modestly lower on commercial and technical buying. Crop conditions in South America generally look good with Brazil’s harvest about halfway complete. Weekly export sales are out Thursday at 8:30 AM Eastern/7:30 Central and the USDA’s new supply and demand estimates are out at Noon Eastern/11 AM Central. CONAB will be issuing new numbers for Brazil as well. The Philippines bought 122,000 tons of 2016/17 U.S. bean meal. The USDA’s attaché in South Korea says the nation’s soybean consumption in 2017/18 should hold about steady at 1.39 million tons.

Continue reading Soybeans, corn, wheat down ahead of USDA numbers at Brownfield Ag News.