Futures Try to Hold Wednesday's Gains

Futures Try to Hold Wednesday's Gains

Dry weather into weekend could add hedging pressure. (audio)

Grain futures are mixed this morning, having varied success holding the small gains from Wednesday's modest rally. Soybeans are higher on expectations this morning's export sales numbers will be huge thanks to strong buying from a Chinese trade delegation. Corn and wheat are struggling, with corn facing additional potential for selling late in the session when hedge pressure is added to the mix.

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

Dry weather into weekend could add hedging pressure

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.

TAGS: USDA
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