Soybeans were sharply lower on commercial and technical selling, cementing week-to-week losses. Soybean stocks at the start of September were up 7% on the year and near the high end of pre-report estimates. The USDA also made an upward revision to the 2021 production and yield numbers. Beans continue to monitor this year’s U.S. soybean harvest and planting conditions in Argentina and Brazil. Stateside, lower river levels are impacting interior movement. Export demand has also been a drag on beans recently, due to high U.S.
Wheat, corn rise, soybeans fall after USDA numbers
