National Ag News

Soybeans were lower on profit taking and technical selling. Forecasts had more near term rain in the Eastern Midwest and more flooding concerns, but with at least some improvement in planting conditions after that. Weekly export numbers were neutral to bullish. Soybean meal and oil followed beans lower. According to Allendale, 95% of Brazil’s soybean harvest is complete.

Corn was lower on profit taking and technical selling. Corn was also watching the weather and while some acres have been lost, some areas should see better planting weather soon.

Continue reading Wheat, corn, soybeans see profit taking at Brownfield Ag News.