National Ag News

Soybeans were modestly higher on commercial and technical buying, in addition to the strength in wheat. Weekly export numbers were bullish, but while demand is strong, the supply is a growing issue. Friday, USDA is expected to increase its acreage number from March’s guess and report larger quarterly stocks. Soybean meal was mixed, consolidating after a new marketing year low for exports, and bean oil was up, following beans. Statistics Canada puts 2017 soybean acreage at a record 7.3 million acres, up 33.2% on the year, with canola at a new all-time high of 22.8 million acres, 12.1% more than in 2016.

Continue reading Wheat surges on weather concerns in Plains at Brownfield Ag News.