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Soybeans: It's only when the tide goes out you discover who was swimming naked
2014-05-28 16:29:00| Corn & Soybean Digest
From what I am hearing most end-users are about 65-75% covered through July but have next to nothing done for August. Obviously everybody is hoping imports will help resolve the situation, but no one is clearly certain about how this game will end. Soybean traders are digesting the fact the US planting pace is now AHEAD of our traditional average. The USDA released data yesterday showing that 59% of the crop is now planted vs. 41% last year and 56% on average. In addition 25% of the crop is now "emerged" vs. Grain Market Viewpoint read more
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Category:Agriculture and Forestry