Thursday, 6 June 2013
Chicago Market Mixed, Old Crop/New Crop Spreads Widen
Posted on 01:01 by Unknown
05/06/13 -- Soycomplex: The soybean market closed mixed with old crop a little firmer and new crop down sharply. Lanworth trimmed their estimate for US soybean production this year from 3.43 billion bushels to 3.4 billion bushels, down slightly but still a record crop. Speculation that 3-4 million acres of intended corn acres will go unplanted this spring (there were 8.75 million unsown as of
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