Soybean futures closed $.12 lower on Friday, but managed to hold a 16 and 3/4 cents gain for the week. Soybean prices were helped by three consecutive days of soybean purchases from China. Demand for soybeans remains strong, despite the higher US dollar. Soybeans do face some pressure from a higher US dollar, ongoing harvest, and transportation challenges. Planting conditions in South America, overall, are favorable with Brazil leading the way. Ending stocks numbers for U.S.
Soybeans, corn, and wheat lower on Friday
Subscribe to our Daily Email Newsletter!
Get the top stories from across Muscatine, Iowa in your inbox each morning.
Thank you!
You have successfully joined our subscriber list.