Follow-Through Selling Hits Markets

Follow-Through Selling Hits Markets

Drier Midwest forecast and Brazil rain confirm bearish charts. (Audio)

Grain futures are lower across the board this morning, with follow-through selling seen after Friday’s bearish reversals low. More weak chart performance was noted overnight, and weather also weighed on prices. Forecasts look drier for the Midwest, which could increase hedge pressure, while dry parts of Brail picked up some moisture over the weekend that could aid soybean seeding.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

Drier Midwest forecast and Brazil rain confirm bearish charts

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.

Tune up your farm business by attending the 2015 Farm Futures Business Summit, Jan 7 & 8, 2015 in St. Louis. Check out the meeting details and reserve your space today.

TAGS: USDA
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