Soybeans were sharply lower on profit taking and technical selling. Parts of the Midwest and Plains have received rain recently and weekend temperatures could moderate in some areas. Longer term, western parts of the region are expected to see a return to hot, dry weather. Also, some of those areas that have seen rain this week also experienced flooding. Weekly export numbers for beans were neutral to a little bearish. Soybean meal and oil were lower, following beans.
Continue reading Big drop for corn, soybeans, and wheat at Brownfield Ag News.
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