Farm Progress

Corn and wheat move lower ahead of USDA report. (audio)

March 7, 2017

1 Min Read

Soybean futures are lower as big estimates for Brazil’s crop are making the rounds this week.

The latest private estimate has 109 million metric tons for Brazil’s crop. USDA currently expects 104 million, but may revise that number in its monthly report on Thursday.

Corn and wheat are lower as traders await Thursday’s report. Participants in some surveys expect USDA to trim ending stocks for corn, soybeans and wheat in that report.

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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