Soybeans, corn, wheat see red at midweek – Voice Of Muscatine

Soybeans, corn, wheat see red at midweek

Soybeans were lower on fund and technical selling. Near-term conditions are hot and dry in central and northern Brazil ahead of a move to wetter weather expected to last into early 2024. Unknown destinations bought 125,000 tons of 2024/25 U.S. beans. That’s the sixth business day in a row with an announced sale of U.S. soybeans to either unknown destinations or China, but those were all for 2023/24. The USDA’s weekly sales numbers are out Thursday morning.

Be the first to comment

Leave a Reply

Your email address will not be published.