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Markets Try To Limit Selling Pressure

Markets Try To Limit Selling Pressure

Wheat finds traction on dry conditions on the Plains (audio)

Grain futures are mostly lower this morning, but the market is working off its lows with wheat leading the rebound. Forecasts remain dry for the southwest Plains, keeping concerns about the hard red winter wheat crop in play. Rains over the next week could slow field work in the central Midwest, with the market's attention turning to new crop planting conditions on the heels of bullish reports from USDA on corn and soybeans Wednesday.

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

Rains over the next week could slow field work in the central Midwest

Bryce Knorr, Senior Market Analyst, 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 Soybean
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