National Ag News

Soybeans were higher on speculative and technical buying, closing near the middle of the day’s range. Recent rainfall has helped parts of the Midwest, but has missed some areas, and weather is expected to turn mostly dry. Unknown bought 264,000 tons of U.S. beans, 198,000 for delivery this marketing year and 66,000 tons for next marketing year. Soybean meal and oil were higher, following beans. The International Grains Council sees 2017/18 world soybean production at 345 million tons, down 3 million on the month, because of a lower U.S.

Continue reading Weather forecasts support soybeans, corn at Brownfield Ag News.