Futures mixed after Tuesday's losses

Futures mixed after Tuesday's losses

Wheat suffers follow-through selling overnight but soybeans get bounce off new contract lows. (Audio)

Grain futures are mixed as the overnight trade heads down the home stretch. Wheat saw follow-through selling after breaking key chart support levels Tuesday, but soybeans are bouncing off yesterday’s fresh set of contract lows. Corn is a little lower after attempts to rally faded ahead of the trading day in Europe, where the dollar remains firm.

You can listen to Bryce's comments using the audio player below.

Mixed overnight trade for corn, wheat and soybeans ahead of Europe open and in the face of a dollar that remains firm.

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 on www.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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

TAGS: USDA
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