Corn, soybean markets move lower as planting gains tractionCorn, soybean markets move lower as planting gains traction

Corn and soybean markets are lower on Tuesday after USDA late on Monday said planting of both crops matched or exceeded the five-year averages despite this spring’s wet conditions.

Winter wheat markets also are a little lower, but retain much of Monday’s big short covering gains. Crop scouts continue to assess the extent of damage in Kansas from the weekend snowstorm.

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.