Soybean futures are lower near midday after sales cancellations resulted in a net reduction in USDA’s weekly export report. However, in daily reporting China bought more soybeans, the second purchase in two days.
Corn futures are about five cents lower and wheat markets are mixed with spring wheat a few cents higher.

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Soybean futures are lower near midday. (Photo: maciek905/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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