Futures Mixed In Choppy Trade Overnight

Futures Mixed In Choppy Trade Overnight

Signs of export interest in wheat emerge, but Black Sea exporters get the business. (audio)

Grain futures are mixed this morning as the overnight trade begins to wind down. Corn is trying to turn higher while soybeans were unable to maintain gains after yesterday's disappointing finish. Wheat is a little higher, given a boost by forecast for heavy rains on the Plains that could do more harm than good to the struggling winter wheat crop.

Export interest is also picking up as harvest progresses across the northern hemisphere, but Black Sea originations keep their stranglehold on key markets in North Africa and the Middle East. Financial markets are quiet, waiting for news from the latest meeting of the European Central Bank.

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

Signs of export interest in wheat emerge, but Black Sea exporters get the business.

Bryce Knorr, Senior Market Analyst, 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 Wheat
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