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Soybeans edged higher on short covering and technical buying ahead of resumed US-China talks on Tuesday. Officials have not announced any new Chinese purchases, and tariffs remain in place.
Crop progress showed 57% of soybeans blooming versus a 79% average, and 54% rated good to excellent.
Delayed crop development and stalled China demand leave soybeans reliant on trade headlines, and the weekly export pace trailing last year is bearish for feed-meal supplies. Price direction hinges on whether talks produce concrete purchases.
brownfieldagnews.comJul 29, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
