Corn, Soybeans Move Higher Overnight

Corn, Soybeans Move Higher Overnight

Rains continue to hamper planting with only brief respite this weekend. (Audio)

Corn and soybeans moved higher as the overnight session began to wind down, with steady buying seen during the electronic-only session. Rains moving through the eastern Corn Belt today will give way to what's expected to be only a brief spell of drier weather before the next system moves into the Midwest early next week. Wheat prices are lower, but so far the market has held up fairly well in the face of export uncertainties due to the new GMO issue in wheat.

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

Rains continue to hamper planting with only brief respite this weekend.

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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