(Bloomberg) -- Soybeans rose in Chicago, extending
a rally to a three-year high, after the government said U.S.
farmers planted the fewest acres in 12 years.
Soybean acreage was slashed 15 percent from last year's
record high, the government said June 29. Farmers planted more
corn after the grain reached a 10-year high in February, driven
by record demand for ethanol and animal feed. When farmers were
making planting decisions in early March, corn had gained 82
percent from a year earlier, while soybeans were up 29 percent.
Read more at Bloomberg Commodities News
a rally to a three-year high, after the government said U.S.
farmers planted the fewest acres in 12 years.
Soybean acreage was slashed 15 percent from last year's
record high, the government said June 29. Farmers planted more
corn after the grain reached a 10-year high in February, driven
by record demand for ethanol and animal feed. When farmers were
making planting decisions in early March, corn had gained 82
percent from a year earlier, while soybeans were up 29 percent.
Read more at Bloomberg Commodities News
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