Soybeans higher after more export sales: Podcast

Corn markets weak and wheat mixed ahead of USDA crop report.

Soybean futures moved higher Thursday morning after the U.S. Department of Agriculture announced two daily soybean export sales and a soybean meal export sale. In addition, new-crop soybean sales in USDA’s weekly export report were better than expected.

Traders, however, remain focused on Friday’s crop report from USDA; a number of analysts expect USDA to raise its estimates for 2016 corn and soybean production and for those exports.

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