Wheat led the way today and that was the reason that corn was able to hold it together in spite of the very bearish attitudes seen in the corn pits. Wheat is being driven by the Minneapolis Grain Exchange because expectations are that USDA is going to reduce the spring wheat crop as well as acres in tomorrows report. To listen to Arlan Suderman and John Jenkinson talk markets on The Ag Network use the audio player on this page.
Arlan Suderman is Market Analyst for Farm Futures magazine and FarmFutures.com. He has served on the staff of Farm Progress Cos. since May 2000, providing market analysis and commentary for its family of 18 state and regional publications. His Afternoon Recap provides market analysis on this site each afternoon that the grain trade is open. Suderman also provides real-time market commentary via Twitter at twitter.com/ArlanFF101. Suderman brings a wealth of hands-on experience to the table after completing his Certified Crop Advisor status in 1997 while serving in the Kansas Extension Service.