National Ag News
Wheat, soybeans supported by weather concerns
Jun 8, 2017, 17:21 PM
by
System
Soybeans were higher on commercial and technical buying. Forecasts have hot, dry weather over the next several days in the Plains and Midwest. Weekly export numbers were neutral to bearish, with supply and demand numbers out Friday at Noon Eastern/11 AM Central. China’s General Administration of Customs says May soybean imports were a monthly record at 9.59 million tons. Soybean meal and oil were higher, following beans. According to CONAB, Brazil’s soybean harvest has wrapped up in the major growing states, with production seen at 113.92 million tons.
Continue reading Wheat, soybeans supported by weather concerns at Brownfield Ag News.
