Soybean Selloff Picks Up Steam

Soybean Selloff Picks Up Steam

Export sales were not robust enough to keep grain markets from moving lower as demand becomes the big trading news. (audio)

Soybean export sales were in the middle of the expected range, but that was not enough to hold back a morning selloff. Wheat sales continue to be lethargic, forcing the market to give back yesterday's small gains. Corn was the big winner in the export sales report, coming in above expectations, but the market was unable to hold onto early gains with wheat and soybeans pulling the markets lower.  

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

Export sales were not robust enough to keep grain markets from moving lower as demand becomes the big trading news.

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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