National Ag News

Soybeans were mostly lower on commercial and technical selling. The trade’s expecting record South American production, with generally good conditions in most areas. Near term rainfall should cause some harvest delays in Brazil but those delays are expected to be minor and damage should be limited. Some new private estimates from Brazil this week have production topping 110 million tons. China bought 120,000 tons of new crop U.S. beans. The USDA’s attaché in China expects soybean imports to continue to rise, with 2016/17 at 86 million tons and 2017/18 at 89 million.

Continue reading Soybeans mostly lower, corn down, watching South America at Brownfield Ag News.