Soybeans were modestly higher on commercial and technical buying. Forecasts have more scattered rain in the Midwest and Plains, and while parts of the region remain dry, it is still early in the growing season. Weekly export numbers were bullish. Soybean meal was lower and bean oil was higher, adjusting product spreads. The NOPA says member firms crushed 149.246 million bushels of soybeans during May, the second most for that month on record and more than what analysts had been expecting.
Continue reading Mixed weather forecasts support corn, soybeans, wheat at Brownfield Ag News.
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