Soybeans were lower on profit taking and technical selling after the recent move to multi-week highs. U.S. planting is underway and a little faster than average, especially in the Delta region. Many near term forecasts do have planting delaying rain in the Delta and the Midwest. Soybeans are watching the tail end of harvest in South America and expecting record U.S. acreage this year. Soybean meal and oil were lower, following beans.
Corn was higher on commercial and technical buying.
Continue reading Soybeans back down from recent highs at Brownfield Ag News.
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