Growing conditions are said to be very good in most of Brazil, but the southern regions are still drier than they would like, says Total Farm Marketing. Meanwhile, Brazil’s soybean harvest is underway but at a slow pace.
USDA raised China corn imports to 17.5.USDA also dropped US soybean carryout to 140 mil bu from 175. They raised exports 30 and crush 5. Some feel demand could be higher, said ADM Investor Services.