Japan Cancels White Wheat Deal On GMO Fear

Japan Cancels White Wheat Deal On GMO Fear

Grain futures focus on weather, profit taking after new crop rally. (Audio)

Japan cancelled part of its regular weekly tender for wheat today on news that a strain of GMO white wheat was found in Oregon. However, the rest of the deal went through smoothly, with the large importer buying hard red winter and spring wheat from the U.S. as well as grain from Canada. So far the market remains focused on weather, as traders try to figure out how prevented planted decisions will play out.

Farm Futures Senior Editor Bryce Knorr talks with Pam Jahnke, Wisconsin Farm Report.

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

Grain futures focus on weather, profit taking after new crop rally.

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.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin. Known as the "Fabulous Farm Babe," Pam studied broadcast journalism and broad-area agriculture at the University of Wisconsin-River Falls. After college, Pam moved to farm broadcasting and has never looked back. She says communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

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