Corn, soybeans get good bounce overnight

Corn, soybeans get good bounce overnight

Another surge by dollar doesn't keep futures from recovery. (Audio)

Turbulence on financial markets isn’t limiting buying in grains too much this morning, with corn, soybeans and wheat all posting gains overnight. USDA’s March supply and demand report may be quickly forgotten, as traders focus on spring weather and planting. The dollar continues its rampage on currency markets, making new 12-year highs against the euro with another surge higher.

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

Rising dollar is no bar to rise in futures overnight.

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.

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TAGS: USDA Soybean
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