Soybeans rebound in the last three days of the week erased the significant drop that took place on Tuesday. Crush incentives for soybeans has been extremely supportive and that doesn’t appear to be changing anytime soon. Soybeans also found support in stronger soybean meal on Friday. Looking ahead to next week, the USDA will likely keep its estimates for ending stocks for U.S. soybeans near unchanged in the upcoming Supply and Demand report. Argentina’s soybean crop continues to struggle while Brazil’s harvesting a record crop.
Be the first to comment