National Ag News

Soybeans were lower on speculative and technical selling. The USDA lowered its soybean production guess from October, but still expects a record large crop. U.S. ending stocks were down on the month, while world stocks were higher, with bigger production and export projections for Brazil. The next set of supply, demand, and production numbers is out December 12th. Soybean meal and oil followed beans lower. Weekly export sales did top a million tons, but fell short of both last week and the four week average, and physical shipments are slower than anticipated.

Continue reading Soybeans, corn pressured by USDA numbers at Brownfield Ag News.