Soybeans moved higher on Tuesday after a report from China showed that country imported a huge amount of soybeans in July. China is the largest buyer of U.S. soybeans and was the leading destination for them in Monday’s export shipment report.

Traders are awaiting Thursday’s USDA crop production and supply/demand reports. The government is widely expected to lower its corn and soybean production estimates and lower its estimates for 2017/2018 ending stocks.

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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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