Futures drift lower in quiet overnight trade

Futures drift lower in quiet overnight trade

Very heavy rains forecast from North Texas through Ohio River Valley (audio)

Grain futures are mixed this morning, with light but steady selling seen overnight into the open of trading in Europe, when prices started to firm off session lows. A stronger dollar may be helping to keep a lid on the market, but sellers are wary too due to heavy rains forecast over the next week, with totals as high as 7.5 inches in some areas according to this morning’s outlook.

Listen to the report using the audio link on this page.

Futures drift lower in quiet overnight trade

Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and 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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