Soybeans plunge as weather risk fades

Soybeans plunge as weather risk fades

Corn and wheat try to hold after making new lows this week. (August)

Grain futures are lower this morning, but it’s a tale of two markets. Soybeans suffered double digit losses as big storms moved through parts of the Midwest overnight. Corn and wheat tried to stem losses after fears about lower wheat production in Europe helped provide support for markets that badly new some.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Overnight trade slips, but corn and wheat try to stem losses.

Senior Editor Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures 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 Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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