Soybeans were modestly lower on commercial and technical selling. Exports have slowed down, but the weekly numbers were neutral to bullish and still on pace to meet USDA’s estimates for the marketing year. Corn planting delays will likely mean increased soybean acres and there’s talk of some acres switched over from spring wheat as well. Soybean meal was lower and bean oil was higher, adjusting product spreads. The Buenos Aires Grain Exchange says 66.5% of Argentina’s soybean acres are harvested.
Continue reading Corn, soybeans down, expecting better planting weather at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.