Soybeans moved above resistance at $13.20 on yesterday's close, but were unable to maintain the momentum this morning as China canceled 11 million bushels of soybean purchases. The cancellation was offset by a 13.23 million bushel purchase by unknown destinations. Corn harvest is 95% complete, but Michigan, Wisconsin, and North Dakota are less than 90% done. Winter wheat remains in good condition with 62% rated good to excellent heading into the winter. Emergence is ahead of the 5-year average at 93%, giving wheat growers some good news heading into dormancy.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

Another turnaround Tuesday has grain markets trading lower across the board as traders start to leave the building for Thanksgiving.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.