Soybean futures are lower for the third straight session on Tuesday as the expected dry weather in the Midwest this week should aid the harvest. Iowa’s harvest may be slow to resume in many areas following the rain and flooding there.
In exports, USDA said China bought 4.4 million bushels of soybeans. That is the second daily soybean sale announced this week. The first sale went to unknown destinations.
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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.
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