July 5, 2016
Corn and soybeans returned from the three-day holiday weekend by trading sharply lower on Tuesday, with contract lows set in the corn.
The selling followed the beneficial rain that fell in the Midwest during the weekend. Also, forecasts call for more rain this week.
Wheat futures traded lower and set more contract lows, despite rain in Kansas and Nebraska slowing the harvests there.
Listen to the report using the audio link on this page.
Corn and soybeans are trading sharply lower. (Photo: maciek905/Thinkstock)
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.
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