Corn, soybeans move higher on South American weather problems

Corn, soybeans move higher on South American weather problems

Wheat futures advance despite beneficial rain in the Plains. (audio)

Corn futures are up about 4 cents as dry weather in Brazil may be hurting the crop there. Meanwhile soybeans are higher as more rain in Argentina threatens that soy crop, which is ready for harvest.
Wheat futures are higher amid reports of technical buying. The gains in wheat are despite widespread beneficial rain this past weekend in the central and southern Plains. 

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

Corn, soybeans and wheat are higher near midday.

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: Market News
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