Crop report shows plenty of soybeans

Crop report shows plenty of soybeans

Forecast for soybean carryout in USDA supply/demand report about "as bearish as it gets."

SOYBEAN traders showed their bearish displeasure with the U.S. Department of Agriculture's latest supply and demand numbers, sending the actively traded July futures to a one-month low shortly after the monthly report came out and also setting contract lows in a few other months.

Price reactions in the corn and wheat markets to USDA's numbers were minor, even though USDA hiked up global wheat ending stocks.

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