Weather concerns spur wheat gains

Weather concerns spur wheat gains

Soybeans head lower after last week's setback. (Audio)

Grain futures are mixed as another week of trading gets underway. Concerns about lack of moisture over parts of the Plains helped wheat to gains overnight, giving corn a small boost too. Forecasts for improving weather in dry areas of Brazil pressured soybeans, along with lower vegetable oil prices in Asia.

You can listen to Bryce's comments using the audio player below.

Corn, wheat see good news, soybeans softer on global weather, demand, news.

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 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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

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