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Soybean futures heading for fourth straight weekly gain on shorter S. America crops; corn and wheat also higher.

Steve Cornett has been covering the beef industry since 1973. A regular contributor to Drovers, Steve works from a home office in Canyon, TX, and a ranch office in Hall County.

Soybeans are higher this morning after there was limited followthrough selling from Thursday’s poor closes early in the overnight session. Corn and wheat are following soybeans higher.

Cash soybean prices continue to surge.

What farmers are saying and asking

Corn, soybean futures drop from contract highs as broad long liquidation hits commodities; wheat futures also end lower.

Kansas, Texas and Oklahoma reduced abnormally dry/drought areas

Soybean futures rally above $16 to nine-month high on South American crop shortfall; corn hits contract high, wheat up.