date:May 08, 2013
-12 average for the date. Soybean planting had yet to begin in 10 of the 18 major states.
Traders indicated it was the slowest pace on record for soybean planting, passing the old record of 4% for the date in 1996.
Improved weather this week was expected to allow more rapid planting progress across the Midwest, although more showers were forecast for some areas starting at midweek. Traders noted that progress this week and next will be critical as the central Corn Belt passes its optimal plant