An ag economist says a weakening South American soybean crop is driving the market following USDA’s recent supply and demand report.

The University of Missouri’s Ben Brown…

“I would expect that this actually gives a little bit of a bullish tint to the soybean market here in the short-term as the markets decompress these small global stock numbers,” Brown said.

USDA’s expectations for South American soybean production was lowered around eight million metric tons in Wednesday’s report.

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