Wheat Gives Back Early Gains

Wheat Gives Back Early Gains

Wheat markets tried to rally in early trading, but have given back most of the gains after finding little support from corn and soybeans. (Audio)

Wheat rallied early in the day as profit taking slowed the long downward slide that was heading toward two weeks. Corn and soybeans are both lower today, despite soybean oil export news and improved ethanol production numbers. Outside markets are trading in a narrow range of gains and losses as investors watch the Janet Yellen confirmation hearings with much interest.  

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

Wheat markets tried to rally in early trading, but have given back most of the gains after finding little support from corn and soybeans.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

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