Soybeans Lower Despite Export Sales

Soybeans Lower Despite Export Sales

USDA announced another 14 million bushel soybean sale this morning, but it is not enough to keep prices from falling. (audio)

Soybeans take the lead in pulling markets lower today as the week ends on a down note. USDA announced another soybean purchase from unknown destinations with 6.95 million bushels of 2013 beans sold and 7.165 million bushels of 2014 crop moved. Wheat has been unable to pick up anything out of the very cold temperatures in the Plains and an ice storm in the Delta and southern Midwest that could damage winter wheat crops.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

USDA announced another 14 million bushel soybean sale this morning, but it is not enough to keep prices from falling.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

TAGS: USDA Wheat
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