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Soybeans charge higher as monthly crush tops forecasts

Corn, wheat post lesser gains. (audio)

Soybeans held double-digit gains near midday on apparent technical buying and support from a larger-than-expected monthly crush. NOPA on Wednesday said 160.62 million

bushels of soybeans were processed in January. That was up more than 10 million bushels from a year ago.

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.

TAGS: Soybean
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