Heartland Ag Edge
Heartland Ag Edge
Soybeans Lead Declines Amid Chinese Wheat Cancellations
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Soybeans Lead Declines Amid Chinese Wheat Cancellations

Soybeans lead declines as Chinese cancellations of Australian and Argentine wheat purchases pressure markets, despite temporary corn trade optimism and upcoming USDA projections.

We are lower across the board today, led by soybeans, which have been holding up better than corn. Wheat, on the other hand, has been crumbling daily. Rumors suggest that not only did China cancel its Australian wheat purchases last month, but it's now cutting Argentine wheat purchases. It appears China won’t adhere to its World Trade Organization commi…

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