Soybean futures are well above $10 a bushel and at a two-month high following bullish export news. That news included a rise in weekly sales plus USDA reporting two daily sales with one to China and the other to unknown destinations.
Weekly wheat sales were better than expected. Plus there is talk that U.S. wheat prices are now competitive with other origins, which should help exports. Corn futures are higher and largely following soybeans and wheat.
Listen to the report using the audio link on this page.
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.