Soybean futures are lower near midday on Thursday after USDA’s weekly report showed lower-than-expected export sales for both old- and new-crop soybeans.
Export sales were mostly neutral for corn and supportive to wheat.
A few dry days are forecast for late this week in the Midwest, but the 6- to 10-day outlook (May 17-21) favors more wet conditions for the region.

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

Soybean futures are lower near midday. (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.

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