Crop markets higher

Crop markets higher

Wheat has another day of solid gains. (audio)

Corn, soybeans and wheat are higher near midday, with wheat futures posting the largest gains of the three crops. Short covering and new buying appear to be driving wheat, with the new buying in deferred months. Brazil’s waiving of an import tax on corn gave U.S. prices a lift amid hopes for export sales.

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

Corn, soybeans and wheat are higher near midday.

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.

TAGS: Market News
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