Calm tone buoys markets

Calm tone buoys markets

Soybeans move higher after trimming losses Thursday. (Audio)

Markets took a shellacking on Thursday, but a late rally in soybeans lifted futures off lows, setting the stage for higher trade overnight. Thursday’s downturn ignored a good week of export sales all around. South Korea started buying corn again this week, though one feed maker there rejected offers at its tender today.

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

Overnight trade turns higher after rough day Thursday.

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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