Soybeans close mixed, bouncing back from early drop

 

Soybeans were narrowly mixed adjusting old crop/ new crop spreads. Contracts rallied after early losses, apparently taking a wait and see attitude towards the trade dispute with China. With no start date for tariffs in place, there’s some sentiment it might be a ploy for leverage in negotiations on the part of Beijing. Brazil doesn’t produce enough beans to meet China’s needs and the interdependence of the U.S. and Chinese economies is strong.

Continue reading Soybeans close mixed, bouncing back from early drop at Brownfield Ag News.