Soybean futures moved higher Thursday morning after USDA announced two daily soybean export sales and a soybean meal export sale. In addition, new-crop soybean sales in USDA’s weekly export report were better than expected.
Traders, however, remain focused on Friday’s USDA report, in which a number of analysts expect USDA to raise its estimates for 2016 corn and soybean production and for those exports.

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Soybean futures moved higher after USDA announced two daily soybean export sales and a soybean meal export sale. (Photo: lukas_zb/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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