Soybeans futures turned lower in daytime trading despite more gains and contract highs in soybean meal. The gains in soybean meal come as Argentina’s soybean crop is expected to be hurt by excess rain. Argentina is the world’s largest exporter of soybean meal. A strong dollar may keep pressure on crops. The dollar is at a two-month high amid ideas the Federal Reserve will raise interest rates in June.
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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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