Choppy markets watch crude for cues

Choppy markets watch crude for cues

Mixed weather outlook keeps traders cautious. (Audio)

Grain futures are mixed this morning in fairly quiet overnight trade. Traders are keeping one eye on the radar to track a storm moving out of the southwest Corn Belt. The rest of their attention is focused on crude oil, which is up almost $1 a barrel this morning as supply disruptions around the world buoy prices.

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

CHOPPY TRADE: Overnight trade is quiet as traders watch the weather, crude prices.

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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