Grain futures are drifting lower this morning, with soybeans giving back some of Thursday’s gains. Caution is evident into what for many will be a three-day weekend. Government offices close Monday for Columbus Day, though markets will be open. Outside markets are also little changed after another record-setting day on Wall Street. This morning’s jobs report for September could be clouded by impact from September’s hurricanes.
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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.