Beneficial weather forecast weighs on soybeans, limits gains in corn

Beneficial weather forecast weighs on soybeans, limits gains in corn

Cool, wet conditions forecast next week for Midwest. (audio)

The crop markets are fairly quiet near midday on Friday, with soybeans lower and corn and wheat a little higher.
Forecasts for beneficial cool, wet weather next week for the Midwest and central plains kept a lid on corn and soybean prices.
USDA announced another soybean export sale on Friday. This one was for 9.6 million bushels to unknown destinations. It is the third reported soybean sale this week.

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

The crop markets are fairly quiet near midday. (Photo: maciek905/Thinkstock)

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: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish