Hard Wheat Futures Post New Fall Highs

Hard Wheat Futures Post New Fall Highs

Markets move higher as trade winds down for Thanksgiving. (Audio)

Prices are supposed to be lackluster around holidays, but this week’s trade is proving the exception to that rule. After soybeans rallied Tuesday wheat appears to be taking charges today. Dry forecasts for the Plains and concerns about conditions in the Black Sea region boosted hard wheat futures to new 11-week highs overnight. Corn and soybeans also firmed after buying kicked in during the early part of trading in Europe.

Senior Market Analyst Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.


Prices are supposed to be lackluster around holidays, but this week’s trade is proving the exception to that rule.

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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.

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