Bears are prowling on financial markets again today after selling on Wall Street Tuesday spilled over into Asia and Europe. Concern about progress in Brexit negotiations as well as year-end profit taking by investors dimmed interest in risky assets. That includes crude oil, despite expectations U.S. inventories fell last week. Soybeans are again leading the grain market higher, however, trying to cement their technical breakout on the charts due to forecasts for more dry weather in Argentina.
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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.