date:May 02, 2013
ybean acres planted, according to some market estimates, helped to keep pressure on the new crop soybean contract midday.
The US Corn Belt will see another round of heavy rainfall by this Friday that will span across NE, IA, IL, and then shift to the southeast which will keep planters sidelined. The cool and wet conditions have likely decreased corn acreage estimates in which case many will shift to soybeans.
A well-followed oilseed analyst reported overnight that they expect South American so