Soybeans ended Friday mostly lower as Brazil continues to raise its crop production guess. CONAB adjusted its estimates to 153.6 mmt (5.64 billion bushels). While Brazil’s crop is a record, Argentina’s crop continues to decline and harvest pace is running well behind the 5-year average. The market continues to watch the weather forecast as planting got a solid start this week across much of the Corn Belt and Delta region.
Corn ended the week higher, with significant help from the two corn sales to China this week.