Farmers sold a lot of soybeans in the past week, while corn sales dropped sharply following last Thursday’s planting report from the U.S. Department of Agriculture showing a bearish increase in corn acres, Midwest grain dealers said on Monday.
Most of the soybean sales were old-crop supplies, but new-crop sales have been more common now that higher Chicago, Ill., new-crop futures have lifted some cash bids past $9/bu.
At river markets, soybeans are going downstream to export
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