Soybeans, corn end marketing year with losses

Soybeans, corn end marketing year with losses

Soybeans were lower on fund and technical selling. Traders exited positions ahead on the final day of the 2022/23 marketing year and ahead of the holiday weekend. Markets are closed Monday for Labor Day. On the positive side of things, hot, dry weather is a continued concern in parts of the Midwest and Plains, and China bought 132,000 tons of new crop U.S. beans Thursday morning. That brought the three-day sales total to 694,000 tons, all to either China or unknown destinations, which could turn out to be China when it’s time for delivery.

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