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Wheat tries to lead rally

Wet Plains fuel gains in overnight trade (Video report)

News from the wheat market yesterday wasn’t especially bullish. Export sales were well below expectations, but the market was able to rally thanks to gains in Minneapolis. The slow spring wheat harvest on the northern Plains triggered buying helped by weather issues in other growing regions. Wheat continued to lead the market overnight with mixed results in corn and soybeans so far.

Watch the latest Facebook video posting from Bryce Knorr and be sure to like or follow the Farm Futures Facebook page.

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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