Soybeans continue to retreat from post-report highs: Podcast

Corn holds nearly unchanged, while wheat markets head lower.

Soybean futures on Monday continued their retreat from the high prices posted after last week’s U.S. Department of Agriculture 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 nation's corn to be planted and 38% of the soybeans.

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