Grain Trade Mixed At Midday

Grain Trade Mixed At Midday

Wheat firms on hopes for exports and technical buying but corn and beans are soft. (Audio)

Cautious and fairly choppy trade is keeping price moves in check Thursday, ahead of Friday's USDA supply and demand reports for November. Wheat is trading higher on ideas U.S. prices are finally competitive on world markets, but so far no new deals have been done. Soybeans are still fighting to stay above $15, following a surprisingly weak export sales report.

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

Wheat firms on hopes for exports and technical buying but corn and beans are soft.

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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