Futures firm ahead of USDA report

Futures firm ahead of USDA report

Soybeans make new highs while corn and wheat bounce back a little

Bryant Gill filling in for Pam on the Wisconsin Farm Report

Grain futures are posting gains across the board this morning, reflecting a better mood for risk taking around the world. Soybeans make new eight-month highs, continuing to attract interest from money managers, helping wheat and corn recover a bit of yesterday’s losses ahead of today’s USDA supply and demand report. While corn planting appears off to a normal start, winter wheat rating deteriorated last week, ahead of a big storm targeting the Plains.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Senior Editor Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures 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 Call onwww.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association. And you can follow Farm Futures throughout the day on Twitter atwww.twitter.com/farmfutures.

TAGS: USDA Wheat
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