Soybeans wilt late on acreage figure, demand concerns


Soybeans were modestly lower on profit taking and technical selling, unable to follow through on the initial post report gains. The USDA says U.S. soybean acreage was down 1% on the year, but up from March and topping corn for only the second time on record, at least for now, while quarterly stocks were 26% higher. A few U.S. acres have yet to be planted and recent flooding may lead to some replanting.

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