Grain Market Slump Steepens

Grain Market Slump Steepens

Corn breaks $7.50 on export news while soybeans follow stock market lower. (Audio)

Futures extended losses after the open of the pit in Chicago, with corn, soybeans and wheat all suffering double digit losses. News that a potential sale to Mexico fell through pressured corn, while soybeans appeared to be weakened by heavy losses on Wall Street.

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

Corn breaks $7.50 on export news while soybeans follow stock market lower.

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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