Soybeans Reach Lowest Price Since July on U.S. Harvest Progress
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Soybeans fell in Chicago to the lowest price since July and corn slipped as harvesting in the U.S. advanced at the fastest pace in at least three decades, helped by warm, dry weather.
About 41 percent of the soybean crop in the U.S., last year’s largest grower, was harvested as of Sept. 30, compared with 15 percent a year earlier, the Department of Agriculture said yesterday. Fifty-four percent of corn was collected, up from 18 percent. The harvest is progressing at the fastest rate since the USDA began collecting data in 1981.