Soybeans closed modestly higher on short covering and technical buying, following a muted initial response to the USDA reports. The USDA confirmed record soybean production, higher quarterly stocks, and higher U.S. ending stocks, with a lower U.S. export projection. Those were mostly cancelled out by the department lowering production estimates for Argentina and Brazil and …
Feb 08
Soybeans up, corn down after USDA numbers
