Better Chinese growth fuels rally

Better Chinese growth fuels rally

Markets breathe sigh of relief after long weekend. (Audio)

While GDP growth in China last year was the lowest since 2009, it wasn’t as bad as many feared, helping give world markets a much-needed shot of confidence as trading in the U.S. resumed after the three-day weekend. Grain futures followed stock indexes higher, as money managers moved out of safe havens to start the week.

Knorr discusses overnight market moves with Pam Jahnke, Wisconsin Farm Report, and you can listen using the audio tool on this page (just scroll down).

Overnight trade turns positive after China numbers released, even with softer GDP growth in the Far East.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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