(Bloomberg) -- Soybean futures in Chicago rose to a
three-year high on speculation that the U.S. crop may be less
this year than the government forecast in June. Wheat futures
also climbed.
Farmers planted more corn after the grain reached a 10-year
high in February, driven by demand for ethanol and animal feed.
Soybean acreage fell by 15 percent from last year's record, the
U.S. Department of Agriculture said on June 29. The department is
scheduled to release its next supply and demand report tomorrow.
Read more at Bloomberg Commodities News
three-year high on speculation that the U.S. crop may be less
this year than the government forecast in June. Wheat futures
also climbed.
Farmers planted more corn after the grain reached a 10-year
high in February, driven by demand for ethanol and animal feed.
Soybean acreage fell by 15 percent from last year's record, the
U.S. Department of Agriculture said on June 29. The department is
scheduled to release its next supply and demand report tomorrow.
Read more at Bloomberg Commodities News
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