Soybeans, Wheat Lead Rally Overnight

Soybeans, Wheat Lead Rally Overnight

Easing tensions from Europe bring buyers back to the grain market. (Audio)

Futures are trying to wind down the overnight trade with higher prices across the board, paced by good gains in soybeans and wheat. Beans picked up some traction on Tuesday after holding $14, with U.S. stocks still looking very tight. Better demand for wheat is fueling gains in that market, which corn is also chugging quietly higher, taking aim at key overhead resistance levels a few cents above the market.

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

Easing tensions from Europe bring buyers back to the grain market.

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
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish