Soybeans were lower on commercial and technical selling. The trade’s watching South American harvest activity and the U.S. corn planting pace. It’s early in the season and some areas should make good planting progress, but a slow corn planting pace into may would likely mean more bean acreage. Weekly export sales were below most estimates, but it was another good week for shipments. Soybean meal was lower and bean oil was higher on the adjustment of product spreads.
Continue reading Rain in Plains pressures wheat at Brownfield Ag News.