Corn, Soybeans Edge Higher In Quiet Trade

Corn, Soybeans Edge Higher In Quiet Trade

March corn futures still trying to break above chart resistance. (audio)

Grain futures are mixed at mid-morning. Corn and soybeans are posting modest gains, with wheat seeing mixed trade. Strong ethanol production last week due to robust plant margins supports corn, while tightening soybean supplies triggered more bull spreading today. Wheat prices are narrowly mixed, after Egypt filled its latest tender from Romania and France.

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

March corn futures still trying to break above chart resistance.

Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

TAGS: USDA
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