Soybeans higher after more export sales

Soybeans higher after more export sales

Corn weak, wheat mixed, ahead of USDA data. (audio)

Soybean futures moved higher Thursday morning after USDA announced two daily soybean export sales and a soybean meal export sale. In addition, new-crop soybean sales in USDA’s weekly export report were better than expected.
Traders, however, remain focused on Friday’s USDA report, in which a number of analysts expect USDA to raise its estimates for 2016 corn and soybean production and for those exports.

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

Soybean futures moved higher after USDA announced two daily soybean export sales and a soybean meal export sale. (Photo: lukas_zb/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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