Soybeans bounce back as corn, wheat fall further

Soybeans were higher on commercial and technical buying. Near-term weather is mostly cooler and its early in the growing season, but some areas do need rain. The USDA says 98% of this year’s crop is planted, compared to the five-year average of 97%, with 91% of the crop emerged, matching the average rate, and 7% blooming, compared to 11% normally in late June. 65% of U.S. beans are in good to excellent shape, 3% less than last week.

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