National Ag News

Soybeans were higher on commercial and technical buying, hitting new two month highs. USDA lowered production, yield, and domestic new crop ending stocks estimates. New crop stocks are up on the year, but there’s a long way to go until the actual size of this year’s crop is known. The next set of supply, demand, and production numbers are scheduled for November 9th. Soybean meal and oil were higher, following beans. USDA left 2017/18 South American production estimates unchanged, but the market will continue to monitor crop weather concerns, especially dry weather in Brazil.

Continue reading Soybeans, corn up after USDA numbers at Brownfield Ag News.