Soybeans were sharply higher on speculative and technical buying. It was another wet weekend in many key U.S. growing areas with more rain on the way, possibly into mid-June, further delaying planting. The USDA says 29% of U.S. soybeans are planted, compared to the five-year average of 66%, and 11% has emerged, compared to 35% on average. The uncertainties about China, both trade talks and African Swine Fever, are expected to limit switching of acreage from corn to beans.
Continue reading Planting concerns propel grains and oilseeds at Brownfield Ag News.
