Grain Markets Quietly Higher

Grain Markets Quietly Higher

Argentine weather and demand questions keep prices choppy. (Audio)

Hot, dry conditions in Argentina and strong Chinese buying pushed soybeans higher Wednesday, but corn and wheat had trouble generating much heat after last week’s USDA reports. Weaker ethanol demand and uncertain exports weighed on corn, while wheat faces a lot of competition around the world ahead of another cold snap next week.

Farm Futures Senior Editor Bryce Knorr talks markets with Kelsey Ostby at the Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

WEATHER AND DEMAND: Argentine weather and demand questions create choppy conditions.

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 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

Kelsey Ostby joined the Wisconsin Farm Report team in 2012 working on field and on-air reporting for the network. Ostby grew up on a Wisconsin dairy farm and was active in FFA.

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TAGS: USDA
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