December 8, 2016
Soybeans are sharply lower near midday as the market sets back after recent strong gains. Corn futures also are lower. The declines are despite better-than-expected weekly sales and some daily export sales.
Wheat futures are holding modest gains as the winter wheat markets recover a little from Wednesday’s contract lows.
Weekly wheat export sales also were better than expected.
Traders also may be moving to the sidelines ahead of Friday’s USDA monthly crop report.
Listen to the report using the audio link on this page.
Soybeans and corn are lower near midday. Wheat futures are holding modest gains.
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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