Soybeans were lower on profit taking and technical selling. The trade was expecting the USDA to report a solid week-to-week increase in planting, even after rain in parts of the region last week. The USDA says 35% of U.S. soybeans are planted, compared to the five-year average of 21%, with 9% emerged, compared to 4% on average. There’s more rain in the forecast during this week for parts of the region, while other areas could continue to see a drier pattern.
Soybeans give back gains, corn and wheat mixed
Subscribe to our Daily Email Newsletter!
Get the top stories from across Muscatine, Iowa in your inbox each morning.
You have successfully joined our subscriber list.