Soybeans were higher on short covering and technical buying, with the most active months posting big week to week gains. The trade is watching the weather, expecting hot, dry conditions in many areas, while waiting to see what’s next with China. China’s General Administration of Customs says soybean imports for June were 6.5 million tons, down sharply on both the month and the year, with January through June purchases at 38.27 million tons, a drop of 14.7% from the same period in 2018.
Continue reading Soybeans, corn up, watching weather at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.