Wheat Makes New Lows To Start Week

Wheat Makes New Lows To Start Week

Selling pressure from bearish USDA reports still controls market, (Audio)

Futures are lower across the board in overnight trade as another week dawns in the grain market with red ink flowing. Wheat made contract lows at all three exchanges, while corn and soybeans are also weaker. Big U.S. crops remain the focus of traders, though talk turns to acreage Tuesday when the Farm Service Agency releases another report on certifications.

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.

Selling pressure from bearish USDA reports still controls market.

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: Soybean
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