Soybeans were modestly lower on profit taking and spillover from corn. Also, there was continued harvest pressure, outside markets were a negative and the fundamentals remain bearish. On average, the trade expects a slight increase in USDA’s production estimate Wednesday, the 12th. China bought U.S. beans for the second day in a row, 106,000 tons for 2011/12 delivery, but it had little to no effect. Soybean meal was mostly firm and oil was up on end of the week position squaring.
Corn was
No comments:
Post a Comment