National Ag News
Brazil uncertainties shake up soybeans, corn
May 18, 2017, 17:16 PM
by
System
Soybeans were sharply lower on commercial and technical selling. Brazil’s currency and stock market dropped after their President was implicated in a cover-up involving the meat company JBS. According to wire reports, Brazil’s President says he will not resign. That drop in currency may help Brazil on the export market, but no matter what, this at least had a big short term effect. Soybean meal and oil followed beans lower. The Buenos Aires Grain Exchange says 74.7% of Argentina’s crop is harvested.
Continue reading Brazil uncertainties shake up soybeans, corn at Brownfield Ag News.
