Soybeans were higher on commercial and technical buying. The USDA announced the sale of 1.3 million tons of new crop U.S. beans to China, which is likely connected to Thursday’s announcement in Des Moines, Iowa. Near term forecasts generally look dry, with scattered rain and high heat in western portions of the region. Soybean meal and oil followed beans higher. Allendale says a truck strike at a port in Brazil will likely lead to some export cancellations.
Continue reading Soybeans, corn supported by renewed weather concerns at Brownfield Ag News.
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