The crop report on Tuesday was bullish for soybeans. USDA raised soybean production for Brazil, Argentina. Soybeans dropped to a one-year low after the report, but recovered to have first weekly gain in six weeks today.

The wet forecast for the weekend is bullish for corn and beans for fear it may delay planting.

The CFTC report is expected Monday.

USDA comes out with crop progress on Monday afternoon. More improvement is expected in the wheat crop. All eyes will be watching to see if corn planting has progressed from 3% last week.

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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