Saturday 27th April 2024

Soybeans were mixed, adjusting spreads, but still finishing the week modestly higher in the most active months. Unknown destinations bought 252,000 tons of U.S. beans, 6,000 for 2019/20 and 246,000 tons for 2020/21, the ninth business day in a row with a new sale. That brings the running total for China and unknown to more than 3.25 million tons, mostly new crop, even as tensions between the U.S. and China grow. Most forecasts had a cooler, wetter pattern in much of the Midwest and Plains in the coming week, potentially alleviating stress as the crop heads into key phases of development.

    

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