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Hot Soymeal Market Lifts Corn and Soybean Futures

Hot Soymeal Market Lifts Corn and Soybean Futures

Exporters, livestock producers need soymeal

Soymeal futures jumped about $17 per ton on Wednesday in reaction to tight supplies and strong demand by livestock producers and exporters. Gains in that market lifted corn and soybean futures, while wheat futures advanced on ongoing talk the Russian wheat crop will be hurt by winter weather.

Listen to the report using the audio link on this page.

Exporters, livestock producers need soymeal

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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