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Exports, Weather Boost Grain Futures

Exports, Weather Boost Grain Futures

Soybeans rally on more rain in Argentine; big sale to Egypt helps wheat. (Audio)

Futures prices are rallying to begin the week following bullish news over the weekend. Egypt made its first purchase of U.S. wheat in months, taking 10.3 million bushels of soft wheat in a snap tender Saturday. Soybeans are testing overhead chart resistance after heavy rains in Argentina sparked fears of more planting delays.

Farm Futures Senior Editor Bryce Knorr talks with Mick Kjar, Farm Director & Meteorologist, Valley News Live TV, Fargo/Grand Forks

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

Soybeans rally on more rain in Argentine; big sale to Egypt helps wheat.

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.

TAGS: USDA
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