Soybeans are higher to add to yesterday’s gains following USDA’s surprising reduction in the 2016 crop size. The January soy contracts expire at noon today, which will put the March contracts into the lead.

Hard red winter wheat futures are higher again after USDA on Thursday reported a larger-than-expected drop in winter wheat acreage.

Corn futures are a little lower.

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.