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Crop markets unable to hold overnight gains

Long-term forecasts show some relief from rain. (audio)

Corn and wheat futures are lower while soybeans are near unchanged as all of those markets were unable to hold overnight gains.

Weekly export sales were a little disappointing for corn and soybeans.

More rain moves into the Midwest today and Friday, while Saturday may be drier.

The 6- to 10-day outlook is warm and wet for the Midwest. A 30-day forecast favors a more normal rain pattern for the Midwest.

Listen to the report using the audio link on this page.

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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