National Ag News
Soybean futures bounce off of recent lows
Mar 16, 2017, 16:59 PM
by
System
Soybeans were modestly higher on commercial and technical buying. Contracts saw a bounce after the recent move to new four month lows. It was an up and down day early and beans may have closed higher, but the finish was in the middle of the day’s range. Beans continue to keep an eye on South America, awaiting the USDA numbers on the 31st. Unknown bought 120,000 tons of 2016/17 U.S. beans and while weekly sales were slow, shipments were bullish.
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