Rainy Forecast Takes Corn, Wheat Futures Higher

Rainy Forecast Takes Corn, Wheat Futures Higher

Hint of spring over the weekend could end with wet, cold weather stalling planting later this week. (Audio)

Corn and wheat moved sharply higher at the start of electronic trading Sunday night and are holding onto gains. Forecasts for potentially very heavy rains in the upper Mississippi River Valley later this week, along with colder temperatures, raised about planting delays for corn, while flooding on the northern Plains is keeping spring wheat growers out of the field. Soybeans are the old man out in this mix, with November futures easing on ideas more ground  could be sown to the oilseed.

 Farm Futures Senior Editor Bryce Knorr talks with Mick Kjar of Valley View Live TV in Fargo.

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

Hint of spring over the weekend could end with wet, cold weather stalling planting later this week.

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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