Grain Market Tries To Rally

Grain Market Tries To Rally

Gains in wheat pull corn and soybeans off overnight lows after pit opens in Chicago. (Audio)

Weaker overnight trade gave way to buying after the pit open in Chicago Monday, with wheat leading the way higher. While the U.S. is posting many new sales are world stocks tighten, prospects for lower Australian production have boosted hopes for prices. That's helping corn and soybeans move well off overnight lows.

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

Gains in wheat pull corn and soybeans off overnight lows after pit opens in Chicago.

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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