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Grain Markets Slide to End the Week

Grain Markets Slide to End the Week

Chart weakness, rain, and better than expected yields pull markets lower at the end of a long week. (Audio)

Soybeans took out the August 23 gap yesterday, opening the door for a big move downward. Rain showers across much of the Midwest and harvest reports of surprisingly good yields helped the market move through that door and move lower this morning, led by soybeans. The shine has come off Wednesday's Fed announcement as the markets start to evaluate that the continuation of quantitative easing means the economy is not making big strides. 

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

Chart weakness, rain, and better than expected yields pull markets lower at the end of a long week.

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.

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