Friday 29th March 2024

Soybeans was mostly modestly higher, with the most active months seeing another strong week of gains. Most forecasts have good rain in parts of South America over the few days followed by a generally drier pattern, in-line with the current La Nina pattern. Rainfall over the next week is expected to favor southern Brazil and Argentina, missing some of the drier parts of Brazil. The Buenos Aires Grain Exchange says 28.8% of Argentina’s corn crop is planted, compared to 31.3% a year ago and producers continue to hold back on selling beans.

    

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