date:Jun 06, 2012
An ongoing decline in soybean registrations for delivery against the July futures contract added to the supportive tone in the market.
The low registration count suggests that old-crop stocks are growing tight, Suderman said.
In other news, Brazilian agricultural forecasting agency Conab on Tuesday trimmed its estimate for the country's 2011-12 soybean crop.
Conab said Brazil, the world's No. 2 soybean grower after the U.S., gathered 66.37 million metric tons of the oilseed in the 2011-12 cr