Reports of flooding in Argentina’s Santa Fe province, which is a key soybean producer, are driving gains in the soybean market, where January and March contracts are back above $10 a bushel.
Wheat markets are higher after monthly crop reports lowered condition ratings for wheat in Kansas and Oklahoma. Cold, dry conditions were blamed for the declines.
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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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