US Soybean planting 83% and emergence 58%, Below 5-year average.

US soybean planting is 83% complete as on 4 June which is above from 82% in the corresponding period LY and also above from 5-year average of 79%. Soybean emergence is 58% which is less from 62% during the corresponding period LY but below from 5-year average of 59%. CBOT July soyoil ended up .08 cent at 31.39 cents per lb. CBOT July soymeal closed up 50 cents at $301.10 per short ton, following strength in soybeans.