AgResource Soybean Comment and Analysis
Soybeans Turn Down on Sliding Old Crop Basis: Overnight strength on lower crop ratings faded during the day, leaving CBT prices 5-7 cents lower. The USDA announced new crop export sales to China totaling 7.3 Mil Bu with another 4.9 Mil Bu sold to an unknown destination. There has been 78.8 Mil Bu worth of…