date:Jul 02, 2014
Soybeans extended the biggest slump in five years to the lowest since December 2011 after a U.S. report that showed the countrys farmers will plant the largest area ever with the oilseed. Corn dropped to a five-month low.
Seedings in the U.S. will reach a record 84.8 million acres, up 11 percent from a year earlier, the U.S. Department of Agriculture reported yesterday. Soybean stockpiles as of June 1 as reported by the USDA were bigger than expected.
Soybeans for November delivery lost 0.7 pe