date:May 16, 2016
eans slid almost 3 percent, soyoil lost 4 percent and soymeal gave up about 1 percent.
The U.S. Department of Agricultures weekly export sales report put sales of U.S. old-crop soybeans in the latest week at 212,500 tonnes and new-crop sales at just 6,900 tonnes, below trade expectations.
Traders speculate that the USDAs June 30 acreage report could show a shift of about 1 million acres from corn into soybeans compared to the governments March 31 planting intentions report.
The U.S. corn crop