USDA has shut down most of its information system, bringing additional uncertainty to the markets. Traders are showing little inclination to commit, bringing the market potential for increased volatility on lower volumes. Kansas City wheat is leading the wheat complex higher as tightening supplies and news from the Ukraine that 10% of their acres will likely not be planted this fall. Soybeans are moving higher after two down days following a surprisingly bearish set of reports. Corn is still trying to find harvest lows as another big yield estimate was released yesterday.
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.
Wheat rally restarts as market continues to price tighter supplies and strong exports.