National Ag News

Soybeans were modestly higher on commercial and technical buying. Unknown destinations bought 146,000 tons of old crop U.S. beans, the first announced sale of that size in about a month. Export demand has definitely taken a hit from record South American production. The Buenos Aires Grain Exchange says 16.3% of Argentina’s soybean crop is harvested. Soybean meal was higher, following beans, and oil was mostly firm, consolidating. According to Statistics Canada, a survey of farmers indicates canola planting in Canada could be a new record, with the projection at 22.387 million acres, and soybeans could also hit a new time high with an estimate of 6.956 million acres.

Continue reading Soybeans up on new export sale at Brownfield Ag News.