National Ag News

Soybeans were modestly lower on commercial and technical selling, with May hitting a new eight week low. Beans continued to digest Thursday’s USDA supply and demand numbers, specifically the South American adjustments. The market’s anticipating more export competition against good domestic demand. Soybean meal was higher and bean oil was lower, adjusting product spreads.

Corn was modestly lower on commercial and technical selling. May corn also hit a new eight week low, also digesting those new supply and demand estimates, with an eye towards the prospective planting and quarterly stocks reports on the 31st.

Continue reading Soybeans, corn move to multi-week lows at Brownfield Ag News.