Market Update for March 6, 2017

Bryce Knorr shares factors impacting the market this week. (audio)

Nearly 1,100 people attended the Great Grain Market debate headlined by Bryce Knorr at Commodity Classic last week. Growers asked why the market is bouncing up and down so much. Know said outside money has inflated the market.

Grain markets were higher this morning.

There are two reports to watch for this week. The first comes out Thursday when USDA updates the supply and demand tables for old-crop. The biggest news is likely to come from South America. All signs point to larger crops from South America. The second report to watch for is the Labor Department's jobs report, which is expected to find that employment grew in February. Next week, the Federal Reserve meets and it may raise interest rates.

 

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.

TAGS: Market News
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