Chinese stock market woes add to bearish sentiment

Chinese stock market woes add to bearish sentiment

Grain futures move lower overnight as traders wait for next USDA report. (Audio)

The drama over Greece’s debt captured most of the headlines in the financial press recently, but troubles with the Chinese stock market are in play today, as share values fell more than 3% despite attempts by the government to stem the hemorrhaging. The uncertainty triggered steady selling pressure in the grain market overnight, as traders get into position for USDA’s regular monthly production, supply and demand report due Friday.

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

All eyes are on Greece, while Chinese markets slide adding more bearish sentiment.

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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

TAGS: USDA
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