Lower equities and crude oil weigh on soybeans

Lower equities and crude oil weigh on soybeans

Corn futures continue their recovery, while wheat is lower. (audio)

Soybean futures are lower near midday on Thursday as they appear to be taking direction from the lower equity and crude oil markets. Weekly export sales were a little better than expected for soybeans and about as expected for corn.
Wheat exports had a net reduction in old-crop supplies as some buyers favored new-crop supplies.

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

Soybean futures are 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: Market News
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