Soybean Prices Recover Overnight

Soybean Prices Recover Overnight

Soybean prices recovered overnight as traders realized rains in the Midwest were not going to improve soybean yields. (Audio)

Recent rains in the Midwest may have slowed the decline of soybean yields, but have done little to increase yield potential as USDA left the crop rating at 50% good to excellent. Corn harvest is a little slower than expected as USDA came in with 7% of the crop in the bin this week, missing the trades expected 10%. Rains have farmers in the Central Plains in a good mood this week as winter wheat is looking better by the day.

Farm Futures Market Analyst Paul Burgener talks with Pam Jahnke at the Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

Soybean prices recovered overnight as traders realized rains in the Midwest were not going to improve soybean yields.

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.

TAGS: USDA Wheat
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