Soybeans were modestly lower on fund and technical selling. Weekend rainfall totals in South America were mixed, generally good in central Brazil, scattered in southern Brazil, and mostly dry for Argentina. It’s roughly early to mid-June for crops in the southern hemisphere. Analysts expect minimal changes to most of the soybean numbers, domestic and international, in Tuesday’s supply and demand report. Unknown destinations bought 132,000 tons of 2017/18 U.S. beans, but it was another bearish week for inspections.
Continue reading Corn, soybeans, wheat down ahead of USDA numbers at Brownfield Ag News.
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