Soybean futures sped lower near midday after USDA raised U.S. soybean ending stocks in its monthly report by lowering exports. In addition it raised the estimate for Brazil’s harvest 4 million to 108 million metric tons. The 108 million was at the top end of trade forecasts.

Corn futures were pressured by increases in Argentina’s and Brazil’s crops.

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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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