National Ag News

Soybeans were steady to weak on profit taking and technical selling. Parts of the Midwest are expected to see more rain over the next few days, which would mean a slower corn planting pace and a possible increase in bean acres. Contracts were up early, but unable to follow through. ABIOVE, Brazil’s vegetable oils group, raised its production estimate to 112.5 million tons, and export guess to 61.7 million tons. Soybean meal was lower and bean oil was higher on the adjustment of product spreads.

Continue reading Corn up, soybeans mostly weak, watching weather at Brownfield Ag News.