Grain Market Rallies Ahead of USDA Crop Report

10 Jan in Blog, corn futures, Grain Market, soybean futures

Grain Market—March soybean futures posted sharp gains along with the rest of the grain market before tomorrow’s big crop report. Rumors were circulating today that the USDA is going to cut production in Brazil and cut carryover of supply for the upcoming crop year. March soybean futures were up 36 cents a bushel to close around 12.32 a bushel testing recent highs. March corn futures were also 10 cents to close around 6.54 a bushel. Wheat futures for March were up 16 cents a bushel at 6.40 a bushel on anticipation of crop production cuts in tomorrow’s report at 7:30 am central time. I still believe that these markets are still headed higher in the near future especially if the dry and hot weather continues in South America. If you need a copy of the report please give me a call at 800-615-7649 and I will send it to your email

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