National Ag News

Soybeans were modestly higher on commercial and technical buying. Many near term forecasts have more hot weather in parts of Argentina, with limited precipitation, potentially stressing beans or leading to acreage abandonment. The Buenos Aires Grain Exchange says about 4 million acres may not get planted, but estimates vary. Brazil continues to look comparatively good, maybe a little dry in some areas. It’s a long term story, with crops roughly in the early July stages of development and the current La Nina pattern expected to last through summer in the southern hemisphere.

Continue reading Soybeans supported by South American weather concerns at Brownfield Ag News.