Soybeans charge higher as hot weather looms

Soybeans charge higher as hot weather looms

Corn also higher after USDA raised export forecast. (audio)

Soybeans are up about 25 cents near midday as expected hot weather later this month and in August could affect crop development and yields.
Corn futures are about 12 cents higher after USDA on Tuesday raised its export forecast. Wheat futures are higher helped by the corn and the soybeans.
USDA on Tuesday predicted a larger wheat crop this year, but also raised exports.

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

Soybeans are up about 25 cents 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.

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