National Ag News

Soybeans were modestly higher on technical buying and commercial old crop/new crop spread adjustments, bouncing back from the losses in previous sessions. Beans are continuing to brace for the supply impact of record South American production. Many forecasts have near term harvest delaying rain in Brazil, but nothing serious is expected. Soybean meal was mixed, adjusting old crop/new crop spreads. Bean oil was up, supported by the higher trade in beans. The USDA’s attaché in Indonesia projects 2017/18 crude palm oil production at 36.5 million tons, but also expects increased soybean imports because of stable demand and a lack of restrictions on imports.

Continue reading Soybeans see slight bounce after recent decline at Brownfield Ag News.