Soybeans continue to retreat from post-report highs

Soybeans continue to retreat from post-report highs

Corn holds near unchanged, wheat lower. (audio)

Soybean futures on Monday continued their retreat from the high prices posted after last week’s USDA report.
Ideas circulated that last week’s jump in prices will prompt farmers to switch some corn acres to soybeans.
USDA’s crop progress report comes out later on Monday with the trade expecting about 75% of the corn to be planted and 38% of the soybeans.

Listen to the report using the audio link on this page.

Soybean futures on Monday continued their retreat from the high prices posted after last week’s USDA report. (Photo: whyframestudio/Thinkstock)

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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