Corn and soybeans tumble after healthy crop readings

Corn and soybeans tumble after healthy crop readings

Hot weather this week, cooler next week. (audio)

Corn and soybeans are sharply lower near midday on Tuesday as USDA late on Monday said 70% or more of the two crops remain in good to excellent condition. Also, new forecasts show next week may provide some relief from this week’s hot weather. More seasonal temperatures are expected then in the Midwest.

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

Corn and soybeans are sharply lower 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
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