National Ag News

Soybeans were higher on short covering and technical buying. Parts of the Midwest have received rain this week, but that precipitation has missed some areas, including eight counties in Iowa that are now in extreme drought conditions. The trade still seems to expect a record crop, with new USDA estimates out September 12th. Weekly export numbers were neutral to bullish. Soybean meal and oil were up, following beans. The USDA says China bought 165,000 tons of optional origin soybeans for 2017/18 delivery.

Continue reading Soybeans up, corn down, but both reacting to weather at Brownfield Ag News.