Improving Crops Pull Corn and Soybean Prices Lower

Improving Crops Pull Corn and Soybean Prices Lower

Crop progress report brought improved corn and soybean conditions that are weighing on markets. (Audio)

Demand driven rallies from yesterday have taken a back seat to bigger expected crops as both corn and soybeans saw better crop conditions in yesterday’s crop progress report. Wheat markets continue to surprise as they bounce back after profit taking yesterday. Look for mostly dry weather for the rest of the week after today’s showers slow progress in Iowa and Illinois. The jobs report was disappointing for outside markets, but it keeps the taper talk from the Fed off the board as the markets move higher again.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

Crop progress report brought improved corn and soybean conditions that are weighing on markets.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

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