Wheat, soybeans suffer double digit losses

Wheat, soybeans suffer double digit losses

Strong dollar appears to provide excuse for more selling to start 2015. (audio)

Red ink is again flowing in Chicago, where the grain market opened soft and got softer Friday morning. Traders mostly ignored weekly export date released before the open, instead again focusing on the U.S. dollar, which moved to its highest level since March 2006 in early trading.

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

Strong dollar appears to provide excuse for more selling to start 2015

Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and 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.

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