Prices for the crops also fell as traders positioned themselves ahead of a closely watched USDA’s supply and demand report on Tuesday that is expected to show ample domestic and global supplies, to which farmers will add their 2015 corn and soybean crops this autumn. Prices for the oilseeds also were pressured by expectations that the report would project near record U.S. soybean production this year, along with record domestic and global soybean stockpiles. Soybean prices also dropped, with market watchers anticipating report will show roughly 25% of soybeans planted as of Sunday, also ahead of historical averages, thanks to steady progress made in the eastern Farm Belt last week July bean futures eased 2 1/4 cents, or 0.2% , to $9.74 a bushel.
Prices for the crops also fell as traders positioned themselves ahead of a closely watched USDA’s supply and demand report on Tuesday that is expected to show ample domestic and global supplies, to which farmers will add their 2015 corn and soybean crops this autumn. Prices for the oilseeds also were pressured by expectations that the report would project near record U.S. soybean production this year, along with record domestic and global soybean stockpiles. Soybean prices also dropped, with market watchers anticipating report will show roughly 25% of soybeans planted as of Sunday, also ahead of historical averages, thanks to steady progress made in the eastern Farm Belt last week July bean futures eased 2 1/4 cents, or 0.2% , to $9.74 a bushel.
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