Planting due to rain delays could fuel shift to more soybean acreage
According to a report atReuters, Chicago soybean futures on Monday dropped to their lowest level in over seven months, extending their decline into a seventh session.
That came as a lack of U.S. corn planting due to delays in rain could fuel a shift to more soybean acreage despite sluggish export demand from top importer China.
US Corn Price Idx:ZCPAUS.CM
open: 7.1814
high: 7.222
low: 7.1564
close: 7.222
US Soybean Price Idx:ZSPAUS.CM
open: 16.3294
high: 16.3776
low: 16.1085
close: 16.1433
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.7637
high: 9.8972
low: 9.7282
close: 9.8462
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 9.8308
high: 9.9381
low: 9.783
close: 9.9123
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