Soybeans were lower on fund and technical selling. Soybeans saw another round of liquidation, with some spillover from the bearish uncertainty in the broader market, including a sharply lower move in crude oil. Brazil’s record harvest is ongoing as estimates for Argentina continue to fall. The USDA’s next set of supply and demand estimates is out April 11th, with CONAB’s updated outlook for Brazil schedules for April 13th. Stateside, the trade is keeping an eye on conditions ahead of widespread planting.
Another down day for soybeans
Subscribe to our Daily Email Newsletter!
Get the top stories from across Muscatine, Iowa in your inbox each morning.
You have successfully joined our subscriber list.