Wheat becomes unlikely leader

Wheat becomes unlikely leader

Heavy rains could hurt hard red winter wheat crop. (audio)

Corn and soybeans took their turns in the spotlight during the spring rally. For Thursday morning, at least, it was wheat’s time to shine – because clear skies are missing from forecasts over the southern Plains during the next two weeks. Corn is trying to edge higher, but soybeans are threatening a bearish reversal if they close lower today.

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

Corn is trying to edge higher, but soybeans are threatening a bearish reversal if they close lower today. (Photo: maciek905/Thinkstock)

Senior Editor Bryce Knorr 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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

TAGS: USDA
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