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Profit taking hits wheatProfit taking hits wheat

Corn, soybeans try to bounce back from Friday selling. (Video)

June 26, 2017

1 Min Read

Grain futures are mixed this morning. While wheat contracts are mostly lower on renewed profit-taking, corn and soybeans are trying to bounce back from heavy selling on Friday. Weather forecasts continue to call for mostly beneficial growing conditions, limiting concerns into July. Export demand surfaced last week for corn, but deals may wind up sourced with cheaper Brazilian grain as basis faded in the U.S. export pipeline.

Check out Bryce's comments in a special Facebook live post below. Note this is from our new Facebook page at facebook.com/farmfutures. On that page we'll be posting new alerts and other updates regularly.

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.

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