Crop markets slide under China pressure

Crop markets slide under China pressure

Slump in the Far East combined with weakness in the oil sector weighs on markets; traders turn attention to tomorrow's USDA report.

Corn, soybean and wheat markets are lower Monday morning following another stock market drop in China and lower oil prices.

Looking ahead, USDA will release its monthly crop report on Tuesday that will update 2015 harvest numbers.

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

Global weakness, looming USDA report offer double-whammy to the trade.

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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