US soybean processors reportedly offer premiums as rain delays harvest
Reuters reports that persistent rains are delaying the early harvest in the western US Midwest, tightening soybean supplies and forcing some processing plants to scale back production.
TLDR
Soybean processors in the western US Midwest are offering hefty premiums for immediate deliveries as persistent rains delay the early harvest, Reuters reports. Citing interviews with grain merchandisers and publicly reported company data, Reuters says the supply squeeze is forcing some plants to scale back production.
US soybean processors reportedly offer premiums as rain delays harvest
Reuters reports that persistent rains are delaying the early harvest in the western US Midwest, tightening soybean supplies and forcing some processing plants to scale back production.
TLDR
Soybean processors in the western US Midwest are offering hefty premiums for immediate deliveries as persistent rains delay the early harvest, Reuters reports. Citing interviews with grain merchandisers and publicly reported company data, Reuters says the supply squeeze is forcing some plants to scale back production.