date:Jun 06, 2012
op harvest, which has practically finished.
The latest estimate was down from Conab's May view of 66.68 million tons and represented a 12% decline from the record 2010-11 soybean crop, as a drought in some major growing regions damaged fields.
CBOT July soybeans rose 9 1/2 cents to $13.49 1/2 a bushel.
Separately, corn and wheat futures were dragged lower. Wheat fell on expectations for a good U.S. winter-wheat harvest and good spring-wheat conditions, while corn dropped on good conditions re