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Mild weather, big crops sink corn and soybeansMild weather, big crops sink corn and soybeans

Wheat lower as Japan, South Korea balk after GMO discovery. (audio)

August 2, 2016

1 Min Read

Soybeans are leading the crop markets lower as USDA late on Monday said both corn and soybeans are doing well and are rapidly maturing. The soybeans had the largest losses, despite another export sale to China.
Wheat markets are lower. Japan and South Korea have temporarily suspended imports of some U.S. wheat varieties following the discovery of an unapproved GMO variety in a Washington state field.
Listen to the report using the audio link on this page.


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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