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Big soybean sale to China helps crops rebound

Forecasts keep hot weather in Midwest

Soybeans moved higher after USDA said exporters sold 47.8 million bushels of the 2017 U.S. soybean harvest to China. That deal came a day after a Chinese delegation signed agreements in Des Moines to buy a large amount of U.S. soybeans. Such signings are often followed by actual sales.

Corn and wheat traded higher as forecasts keep hot weather in the Midwest through next week.

Listen to the report using the audio link on this page.

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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