Soybeans posted double-digit gains near midday after USDA on Friday said China bought  18.3 million bushels of new-crop soybeans. USDA has announced a daily soybean sale every day this week with China taking most of them.
Farm Futures released it farmer survey on Friday that forecast a U.S. corn crop of 14.59 billion bushels at 168.6 bpa; and a soybean crop of 3.865 billion at 46.65 bpa. USDA currently has corn at 14.54 billion bushels and soybeans at 3.88 billion.

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

Soybeans posted double-digit gains near midday after USDA on Friday said China bought 18.3 million bushels of new-crop soybeans. (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.