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Soybeans bounce with soymeal, buoyed by fresh sales
date:May 26, 2016
Reilly said.
Second thoughts about weekly planting estimates released after the market closed on Monday also lifted soybeans, said Mike Zuzolo, president of Global Commodity Analytics. The USDA said soybean planting was 56 percent complete as of Sunday, ahead of the five-year average of 52 percent and also beating an average trade estimate of 55 percent.
But the USDA also reported that soybean planting in Ohio was 22 percent complete, down sharply from 64 percent finished a year ago.
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12/24 16:49