date:May 15, 2013
Old crop corn and soybean futures posted strong gains Monday while wheat futures were modestly higher, with all three trading mixed overnight. Prices were supported by concerns about late planting of corn, soybeans and spring wheat, by tight old crop supplies of corn and soybeans, and by the poor condition of the hard red winter wheat crop.
In its May 13 Crop Progress report, the U.S. Department of Agriculture said corn planted in the 18 major states as of May 12 was 28% completed, up from 12%