Forecast End To Heat Wave Breaks Grain Futures

Forecast End To Heat Wave Breaks Grain Futures

Markets continue retreat as traders move to sidelines ahead of holiday weekend. (Audio)

Grain futures are lower across the board this morning, pulling back from this week’s highs but leaving bullish gaps from Monday in place. While the heat wave should break by Labor Day, forecasts remain fairly dry, though most places in the Midwest have a chance for a shower this weekend. Outside markets are calmer because it appears any move against Syria isn’t imminent.

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

WEATHER AGAIN: Cooler by the holiday brings prices down, but dry weather persists. Syria issue looms.

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
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