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Wheat Paces Market With Double Digit Gains

Wheat Paces Market With Double Digit Gains

Hot, dry weather on southern Plains raises more concerns for an already troubled crop. (Audio)

Wheat prices are starting the new week the same way they ended last week – with a rally. Temperatures hit 102 degrees Sunday in Wichita, KS, stressing a wheat crop already hurt by winterkill and long-term drought. Corn and soybeans faded overnight gains, however, with tensions in Ukraine and a holiday in England thinning out interest. Traders are gearing up for Friday’s USDA reports, which feature the agency’s first survey of winter wheat farmers and their fields.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

OPENING WEEK RALLY: Wheat kicks off the week strong in overnight trade.

Senior Editor Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures 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 Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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