Wheat Markets Continue Rally

Wheat Markets Continue Rally

Several new wheat tenders hit the market today, offering support to grains that are trading with little fundamental information. (Audio)

The wheat rally stepped back into the market lead after slowing a little for profit taking on Friday. Missing data from USDA has the market trading cautiously in the dark as crop progress and export inspection information are not coming out today. Corn and soybeans are trading mostly sideways as harvest slows following rains across the Midwest. Friday’s USDA report is looking less likely all the time as government remains on shutdown.

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

WHEAT RISING: Wheat buyers are back, but missing USDA data has traders cautious.

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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TAGS: USDA
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