Soybeans were lower on commercial and technical selling. Brazil’s record harvest is moving forward and U.S. producers are expected to plant record acreage this year. A slowdown in corn planting could mean even more bean acres. Next week’s USDA crop progress report could have the first soybean planting percentage of the season. Soybean meal was mixed, adjusting old crop/new crop spreads, and bean oil was lower, following beans.
Corn was lower on commercial and technical selling.
Continue reading Wheat shrugs of supply pressure at Brownfield Ag News.
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