Soybeans See More Selling Overnight

Soybeans See More Selling Overnight

Rains move through Argentina, easing this week's heat wave (audio)

While corn and wheat traded higher overnight, soybeans are under pressure. Temperatures topped 100 degrees in northern Argentina Tuesday, but conditions are easing thanks to overnight storms that could  linger into the weekend and help fields in southern Brazil as well. Buying interest for wheat is surfacing out of the Middle East, as traders mull the impact of this week's bitter cold temperatures in the Midwest.

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

Rains move through Argentina, easing this week's heat wave

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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