Soybeans are trading with 4 to 7 cent losses at midday. The cmdtyView national average Cash Bean price is down 4 1/2 cents at $10.91. Soymeal futures are $1.60 to $2 lower on the day, with Soy Oil futures down 25 to 35 points.
Crop Progress from Monday afternoon pegged the US soybean crop at 6% planted as of Sunday. That is well above the 2% compared to the same date last year and the 5-year average. Of the 18-major states, just IA was reported to be behind the average pace.
