Soybeans were mixed, adjusting old crop/new crop spreads. Contracts made new highs recently, but were reluctant to push too much higher coming back from Easter weekend, given the increasing world supply. Conditions in Brazil generally look good with South America on track for record production and U.S producers are expected to plant a record amount of soybeans. AgRural says 87% of Brazil’s bean crop is harvested. Soybean meal was lower and bean oil was higher, unwinding product spreads.
Continue reading Corn down, despite early planting delays at Brownfield Ag News.
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