Soybeans were modestly lower on profit taking and technical selling. The trade is watching the weather, expecting mixed conditions, with forecasts for better weather in eastern areas than in western areas. Last week’s rain helped some of the crop, but caused flooding in parts of the region. As of Sunday, the USDA says 61% of U.S. soybeans are in good to excellent shape, down 1% on the week, while 52% of the crop is blooming and 16% of beans have reached the pod setting stage, both a little ahead of their respective five year averages.
Continue reading Soybeans, corn down, but still wary of weather at Brownfield Ag News.
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