Crop markets moved sharply lower after the larger-than-expected USDA corn and soybean numbers.

Traders on average were expecting a corn crop estimate of about 13.6 billion to 13.8 billion and a soybean crop at about 4.2 billion.

USDA’s wheat production of  1.74 billion also was on the high side of trade estimates.

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.

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