Soybeans were higher on speculative and technical buying. The trade is getting a look at possible weekend frost damage in parts of Argentina ahead of a return to a drier pattern. It’s roughly the equivalent of late July for crops in that part of South America, so this can be viewed as highly unusual. That capped off a week with wide-ranging temperatures and only scattered rainfall. It’s already been a long growing season for crops in Argentina, with drought pulling production projections well below initial expectations.
Soybeans, corn up on Argentina weather issues
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.