date:Oct 17, 2012
o rainy conditions, a U.S.Department of Agriculture report said.
Analysts had been expecting the corn harvest to be 80percent complete and the soybean harvest 71 percent complete,according to the average of estimates in a Reuters poll.Soybeans have dropped for the last four consecutive weeks,weighed down by late rains improving U.S. yields and hopes ofrecord production in South America.
The USDA, in its monthly demand and supply report onThursday, raised its estimate of the soybean yield by 7