Soybeans inch lower as traders await USDA report

Soybeans inch lower as traders await USDA report

Corn, wheat mostly higher. (audio)

Soybeans are lower near midday after rising the five previous sessions. Attention is on Monday’s crop report in which USDA is largely expected to lower its 2016 corn crop estimate and raise the soybean crop.
Analysts polled by a wire service expect USDA to trim its estimate for 2016/2017 corn ending stocks.

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

Soybeans are lower near midday after rising the five previous sessions. (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: USDA
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