Brexit surprise, weather roils markets

Brexit surprise, weather roils markets

Futures tumble along with stocks and commodities on dollar surge. (Audio)

Britons voted to leave the Europe Union on Thursday, sending shock waves around the world. Investors rushed to sell risky assets, piling into gold, the dollar and Treasuries as the Euro and British pound crumbled in the wake of “Brexit.” Grain markets, which have already been battered this week by improving forecasts for rain, got a double dose of bearishness, sending futures lower across the board.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Overight trade riled by Brexit vote with Britons on the way out of the EU

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: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish