Futures Try To Extend Rebound

Futures Try To Extend Rebound

Light buying emerges to start week as markets look for lifeline. (Audio)

After taking a pounding in May and June grain futures are trying to consolidate on the heels of Friday’s modest gains. Heavy rains in parts of the northwest Corn Belt could do more harm than good , while Kansas City futures show chart strength that could trigger a short covering rally. Otherwise, a warm and wet forecast is bearish for prices on ideas that “rain makes grain” until proven otherwise.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Robert Hahn, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

Light buying emerges to start week as markets look for lifeline.(Audio)

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.

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TAGS: USDA
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