Wednesday 10th August 2022

Soybeans were mostly lower on spread trade and profit taking, finishing the week lower overall. Near-term forecasts have hot, dry weather in parts of the region against good rainfall in other areas. Ahead of next week’s USDA numbers, most analysts are expecting at least a fractional decline in the average yield projection. China and unknown each bought 132,000 tons of new crop U.S. beans. Traders bought the rumor Thursday, sold the fact on Friday. Those sales were despite diplomatic tensions between the U.S.

   

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