Improved Ratings Send Corn, Soybeans Lower

Improved Ratings Send Corn, Soybeans Lower

Large global supplies weigh on prices Wednesday. (Audio)

Grain futures are lower across the board this morning, though the market was able to pull off session lows to trim the downturn. Better than expected improvement in corn and soybean ratings put out by USDA Tuesday after last week’s rains is increasing perceptions that crops are getting bigger. Corn and wheat face the additional hurdle of competition from a variety of suppliers around the world, giving buyers plenty of bargaining power to seek deals.

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

Large global supplies weigh on prices Wednesday.

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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TAGS: USDA Soybean
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