Soybeans, wheat extend declines, corn mostly weak

Soybeans, wheat extend declines, corn mostly weak

Soybeans were modestly lower on fund and technical selling. Soybean planting remains behind a year ago, while staying ahead of the five-year average. Beans are watching that corn planting pace for any signals on acreage switching. Export sales continues to be slow, but Brazil’s basis has been up, which could help demand for U.S. beans. Old crop U.S. sales have been a little disappointing and there have been no new crop sales to China reported yet.

View Full Story

Share:

The Latest

Soybeans, corn, wheat down Friday

Soybeans were lower on profit taking and technical selling, while still finishing mixed on the week. The trade’s watching planting, expecting