Choppy markets avoid bearish downdraft

Choppy markets avoid bearish downdraft

Futures continue to fight despite negative reports from USDA.

Bearish USDA reports failed to trigger an avalanche of selling on Tuesday, with more choppy trade surfacing overnight as markets try to consolidate after recent losses. Outside markets are providing a little support and U.S. stock index futures appear poised for a stronger open as more traders around the world go back to work after holidays.

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

Bearish USDA reports failed to trigger an avalanche of selling on Tuesday.

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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