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Soybeans move higher after latest China sale

Corn and wheat have minor losses. (audio)

August 4, 2016

1 Min Read

Soybeans were trading 5 to 7 cents higher near midday after USDA earlier in the day said China bought nearly 9.3 million bushels of the 2016 harvest. That is the fifth soybean sale to China in the past week and the ninth total sale. The other sales went to unknown destinations.
Weather forecasts keep rain in the Midwest through next week. Those forecasts also have hot weather next week.

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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