National Ag News

Soybeans were lower on speculative and technical selling. Most near term forecasts have rain in central Brazil, with lighter amounts in southern Brazil and Argentina. Longer term forecasts are a little drier, in-line with the current La Nina pattern, and it is roughly mid-June for crops in the southern hemisphere. Parts of Argentina are starting to show signs of drought, which could reduce planted area, with planting less than 2/3 of the expected total.

Continue reading Soybeans down, watching South America at Brownfield Ag News.