Soybean futures dropped to trade a little lower for the day after USDA left key supply and demand data unchanged in its monthly report. Traders had expected an increase in exports and decrease in ending stocks.
Corn futures also moved lower after the report, while the wheat markets had little reaction. The winter wheat futures were about a penny lower and spring wheat was about a penny higher.

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Soybean futures dropped to trade a little lower for the day. (Photo: whyframestudio/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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