Wheat markets are lower to add to last week’s 10-year lows as there appears to be no relief from the large global supply of the grain. Last week, Black Sea countries as well as Canada raised estimates for this year’s crops.
Corn and soybeans are lower but soybeans are getting support from a new export sale to unknown destinations.
USDA said the sale was for 4.4 million bushels of new-crop soybeans.

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Wheat markets are lower to add to last week’s 10-year lows as there appears to be no relief from the large global supply of the grain. (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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