Grain markets staged an unexpected rally as 2018 began, but the bloom faded from that rose by February. As farmers mull planting choices – and wonder what to do with old crop inventory – a familiar menace has returned: selling pressure from the meltdown on Wall Street.
Farm Futures senior grain market analyst Bryce Knorr has been busy on the meeting circuit this winter. Here’s a look at what he’s been saying about the prospects for the year ahead. Though farm finances remain stressed, Knorr is optimistic growers will have a shot at selling crops for a profit.
Take a look at his comments in this series of videos.
Today, Export demand: Sales of U.S. crop were lackluster during the fall and first part of winter. Corn trade appears to be improving but China is a question mark for soybeans.
Warning from Wall Street: Grain prices don’t need any help in moving lower these days. But selling pressure from a bearish mood on Wall Street appears to be back. Here’s a look at how financial markets affect grain prices, for better or worse.
Overview of today’s grain market: Large stocks of corn, soybeans and wheat hang over world markets, but the oversupply crunch could begin to ease slowly.