Soybeans, corn square up ahead of Friday’s USDA numbers


Soybeans were steady to modestly higher on short covering and technical buying. Contracts are oversold, but the trade is wary ahead of China’s tariff on U.S. beans going into effect next month. U.S. crop conditions look good overall, but there are some areas of concern heading into July. Quarterly soybean stocks are expected to be up on the year Friday and acreage will probably be higher than what the USDA was projecting in late March.

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