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Soybeans charge higher amid reports of flooding in Argentina

TAGS: Soybeans Wheat
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Wheat lifted by lower ratings for the Kansas, Oklahoma crops. (audio)

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.

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

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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