Friday 16th May 2025

Soybeans are lower on profit taking and technical selling, along with spillover from wheat and the outside markets. 57% of the crop is good to excellent, down 3% on the week, but with some rain in the near-term forecast. China and unknown destinations bought more new crop U.S. beans, 198,000 and 132,000 tons, respectively, the ninth business day in a row with a sale. The running total is 2,173,200 tons, all, except for 200 tons, new crop, and all purchased by China or unknown destinations.

   

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