Wheat turns higher despite good rains

Wheat turns higher despite good rains

Planting pickup keeps corn from joining rally. (Audio)

Grain futures are mostly higher overnight as trading gets started for another week. Wheat saw steady buying after a slow start, despite good rains in the central Plains that should help prospects for the hard red winter wheat crop. Soybeans are also posting more gains, but corn remains flat. Farmers made progress getting the crop planted and the forecast for much of the Midwest is drier, but cool.

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

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

Rains don't hinder wheat prices as overnight trade turns up.

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 Soybean
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