Rally Begins To Fade

Rally Begins To Fade

Beans hold on to gains on export sale, but corn and wheat struggle. (Audio)

USDA today announced the sale of 4 million soybeans under its daily reporting system for large purchases and traders assumed "unknown destinations" meant China. But soybeans are starting to fade overnight gains despite another big up day on Wall Street, as corn and wheat struggle with no news of additional demand.

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

Beans hold on to gains on export sale, but corn and wheat struggle.

Bryce Knorr, Senior Editor, 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.

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