Futures mixed while outside markets reel again

Futures mixed while outside markets reel again

Bullish USDA hopes confront more bearish China news. (Audio)

It’s USDA report day, but expectations for bullish reports on corn and soybean production take place in a global financial environment reeling again from another move lower by the Chinese yuan. Stock markets around the world fell today, though some commodities moved higher, including corn, wheat, crude oil and gold.

You can listen to Bryce's comments using the audio player below.

It's USDA report day, and while that report may be bullish, global news is hitting markets today too.

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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

TAGS: USDA
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