Soybeans were lower on commercial and technical selling. Beans hit more than nine month lows, watching the weather, expecting generally non-threatening near term conditions in most of the Midwest. Weekly export numbers were neutral to bearish. Total sales remain ahead of the USDA’s expected pace, but the market’s seeing an impact from record South American production and the trade’s wary about potential record U.S. production. The USDA’s new acreage estimates are out Friday, June 30th.
Continue reading Weather expectations send corn, soybeans lower at Brownfield Ag News.
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