Wheat futures bounded higher after USDA increased exports to produce a larger-than-expected cut to this year’s ending stocks. Corn futures held small gains as USDA increased the number of bushels that will be used in food and ethanol production.

Soybean futures were lower as ending stocks were left unchanged, which was contrary to expectations they would be lowered.

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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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