Corn, soybeans and wheat post solid gains after bullish China export data

Corn, soybeans and wheat post solid gains after bullish China export data

Rain in Argentina and higher equity markets add support. (audio)

Corn, soybeans and wheat futures all held solid gains near midday on Wednesday for a number of reasons including brisk export sales by China. The sales signaled a recovery in China’s economy. Corn was supported by higher soybean prices on ideas farmers may switch some corn acres to soybeans. Rain in Argentina, that may be slowing the soybean harvest there, gave soybeans a lift.

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

Corn, soybeans and wheat futures all held solid gains 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: Market News
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