Soybeans were lower on speculative and technical selling. Near term forecasts for southern Brazil and Argentina are still mostly dry to light showers, but some medium term outlooks have a better chance of rain. However, the reliability of longer term forecasts should also be questioned. It’s the equivalent of early June for crops in the southern hemisphere, so there is a long way to go in their growing season.
Continue reading Rain chances in South America pressure soybeans, corn at Brownfield Ag News.
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