Soybeans jump after another export sale

Soybeans jump after another export sale

Lower dollar underpins crop markets. (audio)

Soybean futures sped higher on Friday and are now higher for the week following another big export sale. USDA this week announced four sales in its daily reporting system for large sales. Two of those sales were to China and two to unknown destinations. Corn futures are about unchanged and wheat is mixed.
A sharply lower dollar provided some support to crops. A report showing slow growth in the U.S. economy weighed on the greenback.

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

Soybean futures sped higher on Friday and are now higher for the week.

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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