Soybean futures are trading lower despite tighter stocks. NASS reported 316 mbu of soybeans on hand as of September 1, below expectations. Weekly Crop Progress data shows mixed ratings across states. Argentina predicts lower soybean production, while Brazilian soybean exports are estimated to increase. Soybean prices closed lower, with cash prices also down.
Read more at Yahoo Finance: Soybeans Falling Below $10 on Wednesday Morning
