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Soybeans tumble as Brazil’s troubles may prompt sales

Storms move through U.S. wheat country. (audio)

Soybeans futures are sharply lower and at a one-month low today as a sharp drop in  Brazil’s real currency has investors worried Brazil farmers will sell part of this year’s huge harvest to raise cash. That selling could hit world soybean prices.

Corn futures are a few cents lower and wheat markets are narrowly mixed. Severe storms with hail, high wind and possible tornadoes move through the Plains winter wheat belt today.

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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