Soybeans were modestly higher on commercial and technical buying. USDA’s first national rating of the year has beans at 66% good to excellent, down 8% from last year. Some forecasts have rain in parts of the Plains and Midwest over the next few days and it is pretty early in the season. That sentiment, along with increased export competition, pulled contracts down from the early highs. There’s some talk China will scale back soybean imports.
Continue reading Minneapolis wheat hits new highs on condition concerns at Brownfield Ag News.
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