Wheat futures charge higher as rain keeps falling

Wheat futures charge higher as rain keeps falling

Corn futures higher, while soybeans slip (audio)

Wheat futures posted double-digit gains on Thursday as forecasts keep rain in the central and southern Plains, which has crop sources worried the abundant moisture will hurt the maturing crop.

Corn prices were higher to recover some of what they lost earlier in the week and soybeans are lower.

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

Wheat futures charge higher as rain keeps falling

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

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: Market News
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