Home Agribusiness Soybeans try to add to gains

Soybeans try to add to gains


Soybeans are trying to prove Thursday’s rally has legs, overcoming early profit taking to attract a little follow-through buying on the heels of bullish news from USDA yesterday.

Corn and wheat tried to tag on to the rally in beans but couldn’t hold a rebound attempt after being on the receiving end of bearish data from the government.

While traders wonder if the soybean crop will get smaller as farmers combine more fields, they’re also keeping an eye on storms moving through parts of Brazil’s key growing region.