Turmoil from President Trump‘s tariffs reverberated through the markets again overnight after White House economic advisor Gary Cohn resigned in the wake of the trade moves. Stocks sold off around the world after a volatile session Tuesday, and U.S. stock index futures point to sharp losses today. Soybeans, which often follow the whims on Wall Street, are testing a key support level, and corn and wheat are also lower as the trade gears up for Thursday’s USDA report.
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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.