Soybean Prices Drop Amid Mixed Crop Conditions and Weather Outlook
At midday on June 2, soybeans are trading lower across most contracts amid mixed crop conditions. The national average Cash Bean price fell by nearly four cents to $11.21 per bushel as of the cmdtyView report. While planting progress is ahead of normal levels at 87%, recent crop ratings show a decline in quality with only 66% rated good or excellent, marking a three-year low on the Brugler500 index.
Topics: crop progress futures markets soybeans