Bullish Export Numbers Ignored by Markets

Bullish Export Numbers Ignored by Markets

Three weeks of export data released today did little to boost prices despite large corn and soybean sales. (audio)

Both corn and soybean export sales came in well above expectations this morning, but the market chose to dismiss the news ahead of next week's crop production report. Rain is falling across a big part of the Midwest, but staying away from the Dakotas and Minnesota where harvest furthest behind normal. Wheat prices are sliding on poor export sales and added pressure from India lowering prices.

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

Three weeks of export data released today did little to boost prices despite large corn and soybean sales.

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.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish