Soybeans were higher on commercial and technical buying. The USDA’s 2017 crop estimate was down from December, but still a new record high, with a lower average yield projection at least partially offset by record harvested acreage. The production guess for Brazil was up on the month, while Argentina was slightly lower. In between now and the next set of numbers on February 8th, La Nina’s impact on South American production will continue to be watched very closely.
Continue reading USDA numbers push March corn to new low at Brownfield Ag News.
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