National Ag News

Soybeans were modestly lower on speculative and technical selling, hitting new three month lows. Dry parts of Argentina and Brazil received rain over the weekend with more possible in the coming days. It’s roughly mid-June for crops in the southern hemisphere and while La Nina conditions are weakening, they are still present. China bought 396,000 tons of 2017/18 U.S. soybeans, but that was apparently disregarded within minutes. Contracts are oversold and were up overnight, but couldn’t follow through because of the large world supply projections and fundamental implications of another big South American crop.

Continue reading South American rainfall sends soybeans lower at Brownfield Ag News.