Soybeans at two-month high as exports cheer up investors: Podcast

Weekly export sales give wheat a boost.

Soybean futures were well above $10/bu. and at a two-month high on Thursday following bullish export news. That news included a rise in weekly sales and the U.S. Department of Agriculture 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 were higher and largely followed soybeans and wheat.

Bob Burgdorfer of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.

 

 
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