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Wheat Rallies On Sale To Egypt

Wheat Rallies On Sale To Egypt

Soybeans plunge to new lows on wave of selling. (Audio)

Crop prices are headed in different directions this morning. Wheat is finally turning higher, getting a boost by Egypt's purchase of soft red winter wheat from the U.S. over the weekend. Corn and soybeans made new contract lows, with beans suffering double digit declines on a new wave of technical selling, with traders worrying about a big crop and the potential for slowing economic growth in China.

Bryce Knorr talks with Robert Hahn of Valley View Like TV in Fargo. Listen to the report using the audio link on this page.

Soybeans plunge to new lows on wave of selling

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 Wheat
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