Soybeans were lower on fund and technical selling, in addition to the higher trade in the dollar, with contracts notching a lower weekly finish. Brazil’s record harvest continues to move forward, with production expected to more than make up for the losses in Argentina. CONAB’s next round of estimates for Brazil’s crops is out March 9th. Export sales were up on the week, mainly to China and Egypt, but still lower than average with a cancellation by unknown destinations.
Soybeans, corn, wheat fall on higher dollar
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