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6:35PM (EST) Future Performance Update; Soybean Oil Futures leading

April 3, 2014

soybean futures fly on tight supply

  • Tighter U.S. supplies also helped lift old-crop soybean futures to a fresh contract high although new-crop prices were pressured by projections for a record large U.S. planting program this year
  • That supported old-crop futures but new-crop prices were weaker as the USDA predicted U.S. soybean plantings to hit a record 81.5 million acres, up 6 percent from last year and suggesting a harvest above 3.6 billion bushels.

 

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