(Bloomberg) -- Soybeans surged the maximum amount
allowed by the Chicago Board of Trade after the government said
U.S. farmers planted less than analysts expected and the fewest
acres in 12 years. Wheat rose to a record.
Soybeans were planted on 64.08 million acres, a 12-year
low, the Agriculture Department said today. That's down 4.6
percent from a forecast in March and 15 percent below last
year. Analysts surveyed by Bloomberg were expecting 67.84
million. U.S. production may fall 18 percent to a four-year
low, depleting global inventories already at record low levels.
Read more at Bloomberg Commodities News
allowed by the Chicago Board of Trade after the government said
U.S. farmers planted less than analysts expected and the fewest
acres in 12 years. Wheat rose to a record.
Soybeans were planted on 64.08 million acres, a 12-year
low, the Agriculture Department said today. That's down 4.6
percent from a forecast in March and 15 percent below last
year. Analysts surveyed by Bloomberg were expecting 67.84
million. U.S. production may fall 18 percent to a four-year
low, depleting global inventories already at record low levels.
Read more at Bloomberg Commodities News
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