Soybeans lead crop markets higher as China buys

Soybeans lead crop markets higher as China buys

Corn, wheat markets higher despite better weather forecasts. (audio)

Soybean futures are up about 9 cents at midday to lead the crop markets higher. Rain in northern Argentina has damaged some of that crop and more rain is forecast during the next week. Wheat futures are higher despite forecasts for beneficial rain this weekend in the dry areas of the central and southern U.S. Plains.

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

Soybean futures are up about 9 cents at midday.

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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