Nine Fed speeches are scheduled for this week to give markets an opportunity to see if they are on the same page. Rain is falling in the Central Plains of Colorado, Nebraska and South Dakota this morning, adding to already decent moisture levels for winter wheat. Funds have increased net short positions in corn and net long positions in soybeans as they bet on bigger corn and smaller soybean crops this fall. Wheat export inspections came in at 42.319 million bushels to remain strong, while soybeans picked up to 16.79 million bushels as crop is now available.
Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.
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.
Strong export inspection numbers carry wheat higher as rains in the Central Plains help the new crop.