Soybeans charge higher after latest sale to China: PodcastSoybeans charge higher after latest sale to China: Podcast
Farm Futures survey raises corn production, trims soy vs. USDA.
August 5, 2016
Soybeans posted double-digit gains near midday Friday after USDA said China bought 18.3 million bushels of new-crop soybeans. USDA has announced a daily soybean sale every day this week with China taking most of them.
Farm Futures released it farmer survey on Friday that forecast a U.S. corn crop of 14.59 billion bushels at 168.6 bpa; and a soybean crop of 3.865 billion at 46.65 bpa. USDA currently has corn at 14.54 billion bushels and soybeans at 3.88 billion.
Bob Burgdorfer of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.
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