Improved Rainfall Sends Soybean Futures to Multi-Week Lows
Widespread showers have largely benefitted corn and soybeans in the nation's key crop-producing regions, sending soybean futures on the Chicago Mercantile Exchange to multi-week lows on Monday.
November soybeans shed over 31 cents and fell to the lowest level since June 30, closing at $13.02 per bushel.
In the latest USDA Crop Progress report, good to excellent ratings for soybeans were reported at 54%, up 2% from the week prior. Soybeans blooming moved up to 90%, above past progress benchmarks...
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