Soybean| United State farmers have sold nearly double the usual amount

June 4, 2016 9:41 AM | Skymet Weather Team

United State farmers have sold nearly double the usual amount of new-crop soybeans this spring, they have taken advantage of a 14 percent rally in the futures market to lock in profits on a crop that most have not even finished planting yet. The sales could depress soybean basis bids - due to the difference between the futures market and the cash price.

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