National Ag News

Soybeans were modestly higher on commercial and technical buying. Demand continues to be strong and U.S. prices at the Gulf are currently below Brazil’s major ports. Rainfall in parts of the Midwest this week will help with development. Soybean meal was weak and bean oil was higher on the adjustment of product spreads. Bean oil found more additional support from palm oil as well. Celeres sees Brazil’s 2017/18 soybean crop at 109.1 million tons and Safras e Mercado projects exports at 64.5 million tons, up 24% on the year.

Continue reading Soybeans finish firm on demand at Brownfield Ag News.