China relief lifts grain market again overnight

China relief lifts grain market again overnight

Wall Street could head lower, creating headwinds into the weekend. (Audio)

Grain futures are posting modest gains as the overnight session begins to wind down, and gains on the Chinese stock market are again the main reason for the move. The main index in China was up around 5% today, though stocks in Europe have turned lower, with U.S. stock index futures also suggesting a pullback that could raise more caution flags.

You can listen to Bryce's comments using the audio player below.

China is up, but other markets pull back in overnight trade - that could make for softer trade today.

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
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