Soybeans were modestly higher on commercial and technical buying. Forecasts for Argentina are mixed, drier in some areas than others, while conditions in Brazil generally look good, with generally favorable temperatures and timely rainfall. The USDA could adjust South American production outlooks further in the supply and demand numbers out February 8th. La Nina conditions are expected to last through summer in the southern hemisphere, winter in the northern hemisphere.
Continue reading South American weather uncertainties support soybeans at Brownfield Ag News.
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