Wheat Market Rallies, Rain Dampens Soybeans

Wheat Market Rallies, Rain Dampens Soybeans

International concerns ratchet higher in Ukraine, sending dollar sharply higher. (Audio)

While analysts pump out forecasts for corn and soybean production ahead of Tuesday’s USDA report, markets have plenty of other news to chew on. Wheat is trying to hold on to gains spurred by quality issues in Europe, even as tensions between Ukraine and Russia heat up, sending investors into safe havens like the dollar. Rains are moving through the western Corn Belt this morning, providing relief to some areas but missing others.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

International concerns ratchet higher in Ukraine, sending dollar sharply higher.

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 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.

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TAGS: USDA Soybean
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