Soybeans inch lower as traders await USDA report: Podcast

Corn and wheat markets mostly higher.

Soybeans were lower near midday after rising in the five previous sessions. Attention is on Monday’s crop report in which the U.S. Department of Agriculture is largely expected to lower its 2016 corn crop estimate and raise the soybean crop estimate.

Analysts polled by a wire service expect USDA to trim its estimate for 2016-17 corn ending stocks.