Soybeans were higher on short covering and technical buying in low trade volume. Contracts bought back some the recent losses, but still lost ground on the week, while waiting for something new on China and watching the weather. Most forecasts have less threatening conditions heading into August during the key pollination phase. There’s been more talk of China buying U.S. soybeans, but nothing’s surfaced. China has slowed down purchases of beans because of the continued spread of African Swine Fever and there have been reports of lower protein content in Brazil’s crop.
Continue reading Soybeans recover some losses at Brownfield Ag News.
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