Soybeans, corn down ahead of USDA, CONAB numbers

Soybeans, corn down ahead of USDA, CONAB numbers

Soybeans were lower on fund and technical selling. There has been better than expected rain in Argentina this week, with more in the forecast over the next couple of weeks. If the rainfall meets or exceeds expectations, that should help limit further declines in condition ratings during key stages of development. Brazil’s harvest is ongoing, as is their control of the export market, which should be reflected in the weekly U.S. sales numbers out Thursday morning.

    

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