Markets Mostly Soft As Volume Thins

Markets Mostly Soft As Volume Thins

Corn tries to hang onto gains, wheat and soybeans retreat. (audio)

Grain futures are adrift this morning, with the path of least resistance taking most contracts lower. Soybeans tried to add to yesterday's gains overnight, but stumbled after breaking chart support. Wheat saw follow-through selling as traders liquidate positions. Corn was higher, but barely so, as the Corn Belt starts to dry out from this week's rains.

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

Corn tries to hang onto gains, wheat and soybeans retreat.

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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