Calm mood lifts market

Calm mood lifts market

Grain prices rise with rebound on Wall Street. (Audio)

Grain futures are higher across the board this morning, getting a lift from a calmer mood in outside markets, as investors take a break from anxiety over next week’s vote in Britain on leaving the European Union. Hot weather baking fields in the western Corn Belt doesn’t look like it will last or spread, keeping weather-related buying limited.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Overnight trade lifts commodities, as calmer trade prevailes. Brexit still looms.

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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