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Market chart with blue, red, purple lines on green background. maciek905/Thinkstock

Crop markets lower as bears remain in control

Rain in wheat areas weighs on winter wheat. (audio)

Gains in open interest during the recent slide in the crop markets indicate bearish views are in play. Beneficial rain expected today and tomorrow in the Plains plus big harvests under way in South America are discouraging bullish views.

Crops and other markets await today’s U.S. House vote on the Republican health care plan. That vote is being seen as an indicator of how successful President Trump will be in advancing his policies.

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

 

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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