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Corn, soybeans slide on good weather news

Wheat futures drop as dry weather aids harvest. (Audio)

June 20, 2016

1 Min Read

Crop markets are lower on Monday as forecasts for rain in the Midwest should help the corn and soybeans, while forecasts for dry weather should help the rapidly moving winter wheat harvest.

New polls show that Britain may vote later this week to stay with the European Union. That sentiment lifted equity and crude oil markets and pressured the dollar.

Listen to the report using the audio link on this page.

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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.

Soybean futures had the largest gains of three crops after USDA early on Friday reported export sales of 2015 and 2016 soybeans to China and to unknown destinations. (Photo: maciek905/Thinkstock)

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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