Spring wheat futures are more than 20 cents lower at midsession as investors take back some of that markets recent big gains. The crop continues to struggle from dry conditions early in the season, but much of that hardship has been priced into the market.

Corn and soybeans are lower despite lower crop ratings late on Monday. Rain this week in the Midwest and cool but dry conditions there next week may help those crops, which are in their seed production phases.

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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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