Soybeans unable to hold gains as crop report looms

Soybeans unable to hold gains as crop report looms

Corn weak and wheat mixed. (audio)

Soybean futures were higher early following another daily export sale to China, but turned mixed near midday as weather forecasts lack threatening conditions for the Midwest crop.
Crop progress data is due later on Monday with corn’s condition possibly slipping a little, while soybeans should be about unchanged.
Friday’s USDA crop report looms and traders will soon take positions ahead of that.

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

Crop progress data is due later on Monday with corn’s condition possibly slipping a little, while soybeans should be about unchanged. (Photo: solarseven/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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