National Ag News
Corn, soybeans, wheat bounce back a little
Dec 13, 2017, 16:40 PM
by
System
Soybeans were modestly higher on light commercial and technical buying. Contracts bounced back from some of the recent weakness, watching South America. Near term forecasts have at least some increase in rainfall in dry parts of Argentina, but the longer term outlooks are uncertain and a drier pattern would fit with the current La Nina pattern. It’s early in the South American growing season, roughly the equivalent of mid-June. The next official USDA South American production estimate is out in January, along with the final 2017 U.S.
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