Soybeans were lower on fund and technical selling. Recent rain has delayed planting, but parts of the U.S. and Midwest should see a drier pattern near-term, allowing some to catch up. Still, other areas are expected to see more rain, which could lead to acreage adjustments. The Rosario Grain Exchange left its estimate for Argentina’s soybean crop at 50 million tons, for now, adding the harvest is 44% complete and has been slowed down by weather problems.
CME cash dairy, futures mostly higher Friday
Milk futures and cash dairy prices were mostly higher Friday on the Chicago Mercantile Exchange. Dry whey was unchanged at $0.4150. No