National Ag News

Soybeans were fractionally lower on speculative and technical selling, with the most active contracts dropping more than $.20 on the week. Forecasts have more light to moderate rain in dry parts of South America, pushing contracts towards near two month lows. Longer term outlooks remain a little less certain and a mostly drier pattern would be consistent with La Nina conditions. China and unknown destinations bought 2017/18 U.S. beans, 257,000 tons and 126,000 tons, respectively, but this marketing year’s export pace continues to trail last year.

Continue reading Soybeans, corn weak on rain chances in South America at Brownfield Ag News.