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Soybeans fall to 3-month low and under $10

New forecasts lack weather threat for crops. (audio)

July 22, 2016

1 Min Read

Soybeans tumbled to a three-month low on Friday and are under $10 a bushel as a new 30-day forecast put mild temperatures and some rain in key Midwest crop areas. In addition, widespread rain fell in Illinois overnight.
Wheat futures held modest gains as storms this week in North Dakota may threaten the spring wheat there. Also, in Europe, low yields are expected from the French harvest due to excess rain earlier in the growing season.

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.

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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