Markets look for direction

Markets look for direction

Corn and soybeans hold gains but wheat slips again. (Video report)

While corn and soybeans are trying to firm this morning, wheat is lower again following bearish reversals Tuesday in winter wheat contracts. Hints at a wetter pattern for some areas of the dry Plains kept the wheat market in check, while the ongoing drought in Argentina helped the other markets overcome worries about the fallout from a potential trade war.

Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook page.

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.

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