Wheat Tries To Rally Market

Wheat Tries To Rally Market

Hopes for better exports buoy prices but USDA report hangs over trade. (audio)

Futures are getting a bounce across the board this morning, paced by follow-through buying in wheat after Friday's turn higher. Wet weather for harvest in Europe remains a concern, increasing hopes for U.S. sales into North Africa and perhaps the Middle East. Gains remain limited by expectations USDA will report record corn and soybean production next week.

Listen to the report with Bryce Knorr and Mick Kjar of Valley View Live TV in Fargo using the audio link on this page.

Hopes for better exports buoy prices but USDA report hangs over trade

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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