Soybeans lead crops higher as market rally continues

Soybeans lead crops higher as market rally continues

China buys more soybeans, hot weather headed for Midwest. (audio)

Soybeans are up more than 40 cents a bushel near midday following another big sale to China.
Corn and wheat also are higher, helped by a lower dollar and higher outside markets such as equities and crude oil.
Also being watched are the forecasts for hot weather late this week in Midwest, with highs of 90 to 100 degrees expected in parts of the Midwest.

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

Soybeans are up more than 40 cents a bushel near midday following another big sale to China. (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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