Futures mixed, Wall Street wary

Futures mixed, Wall Street wary

Corn and wheat start firm but soybeans make new lows overnight. (Audio)

Futures are trading mixed in a quiet overnight session. Corn and wheat posted modest gains, with more export business emerging worldwide on last week’s break to multi-year lows. Soybeans are trying to lift off session lows, firming along with financial markets after the People’s Bank of China announced it was cutting reserve requirements for lenders, trying to stimulate growth.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Overnight trade mixed as soybeans try to lift from session lows while corn and wheat post modest gains.

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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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