Wheat Tries To Pull Corn Higher

Wheat Tries To Pull Corn Higher

Soybeans fall to new contract lows overnight in fight to hold chart support. (Audio)

Grain futures are mixed this morning. Soybeans made new contract lows to start the week, slipping below the next level of technical support on daily and nearby charts. Corn also slipped to a new low, but is trying to reverse higher, getting a little lift from higher trade in wheat. USDA is expected to cut its forecast of 2014 wheat production in Tuesday’s small grains report.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Robert Hahn, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

Soybeans fall to new contract lows overnight in fight to hold chart support.

Senior Editor 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
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