Soybeans were lower on commercial and technical selling, extending the run to new one year lows. Overall demand should continue to be good, but exports have taken a hit from record South American production. The Buenos Aires Grain Exchange says 80% of Argentina’s harvest is complete. There’s a fair amount of uncertainty about where U.S. acreage will end up this year, with an official USDA estimate out June 30th. Soybean meal and oil followed beans lower.
Continue reading Soybeans down, corn up ahead of Memorial Day weekend at Brownfield Ag News.
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