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Brownfield Network 08/15/2019 16:41
Soybeans were lower on fund and technical selling. There have been conflicting signals on trade from China, but negotiations are still scheduled to resume later this month. The trade is also watching U.S. weather, with slower than average development and dry weather in some areas, but generally non-threatening temperatures. Weekly export sales and shipments were bearish, with a net reduction for old crop sales after cancellations by China and unknown destinations, while new crop sales were relatively light.
Brownfield Network 08/08/2019 05:59
After releasing its planted acreage numbers June 30th, USDA has been under fire from those who believe the forecast did not reflect the amount of acres that went into prevent plant this year. Following a resurvey, those numbers will be updated along with the next WASDE report Monday. An analyst with CHS says to expect volatility once the report comes out.

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