Soybeans were modestly lower on speculative and technical selling, notching another three month low, continuing the post-Thanksgiving drop. While there are still dry spots in South America and long term forecasts are questionable, crop weather is generally considered to be good at this time. Near term forecasts do have more in dry parts of southern Brazil and Argentina. Weekly export sales were bullish, China was the big buyer, but physical shipments remain slow.
Continue reading Soybeans down on rain chances for South America at Brownfield Ag News.
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