Corn Bounces Back on Export News

Corn Bounces Back on Export News

A Chinese purchase of corn and strong ethanol production numbers are lifting corn markets despite harvest pressure. (Audio)

Rumors of China in the market for corn were confirmed with a 16.5 million bushel purchase for delivery in 2014. In addition, ethanol production remained strong with 868,000 barrels per day last week. Wheat prices are beginning to firm as they follow corn and rumors of a Chinese sale continue to circulate. Soybeans are lower with harvest pressure and slower shipments beginning to add pressure.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

CHINA MATTERS: Demand drives prices as news of a China purchase shows in today's trade.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

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