In a Bloomberg article published today, we learned that “Soybeans rose for a second day after a U.S. government report showed rains in the Midwest last week failed to bolster crop conditions in the country, last year’s biggest producer of the oilseed.”
“Crop conditions were unchanged as of Sept. 22 from a week earlier, with 50 percent of soybeans rated good or excellent, U.S. Department of Agriculture data show. Rain later this week in west and central areas may be too late to aid crops, forecaster DTN said.”
