Soybeans were higher on commercial and technical buying. Beans saw a bounce off the recent lows, with help from bean meal, but they remain concerned about Chinese demand. China bought significantly more soybeans from Brazil than the U.S. during the first quarter of 2018, with the lowest March number for the U.S. in a decade. That demand has tightened Brazil’s supply and pushed prices higher. The USDA’s attaché in Brazil projects 2018/19 production at 115 million tons, with an increase in acreage and exports of 67 million tons.
Continue reading Soybeans up on commercial support, higher meal at Brownfield Ag News.
