Friday's Trends Stay In Place Into New Week

Friday's Trends Stay In Place Into New Week

Corn and wheat continue sell-off after bearish chart performance in wake of USDA reports. (Audio)

Grain futures are mostly lower as another week of trading gets underway, with the trends from Friday’s close following through into the overnight session Sunday night and Monday morning. Bearish reversals lower in wheat and corn triggered follow through selling in those markets while soybeans are mixed, supported by tight old crop stocks. Rains will stall planting early in the week in the central Corn Belt, but it appears enough of the crop got planted last week to keep prospects for 2014 production on track.

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.

Corn and wheat continue selloff after bearish chart performance in wake of USDA reports

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.

Keeping up on the trends in unmanned aerial systems is easier if you attend the first-ever Precision Aerial Ag Show in Decatur, Ill., July 9 & 10. Learn more at PAAS2014.com.

TAGS: USDA
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