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Soybeans lower after exports disappoint

Corn a little lower, HRW wheat higher after export sale. (audio)

Soybeans had the largest losses of the day on Friday after weekly export sales were down sharply from the prior week and below trade forecasts. However, that drop in business was during a holiday week in which global markets were closed at least one day.

Attention remains on South America, where Brazil is harvesting a big soybean crop.

Hard red winter wheat is a few cents higher after USDA reported 3.7 million bushels were sold to unknown destinations.

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 Wheat
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