Futures try to hold gains

Futures try to hold gains

Support from crude oil rebound helps ailing stocks on Wall Street. (Audio)

Corn and soybeans moved to six-week highs on Tuesday, and so far are mostly hanging on to those gains. A brighter mood on outside markets may be lending some support. Crude oil rebounded from a break back below $30 on more ideas Russia might be able to work with OPEC in cutting production. The crude rally in turn supported U.S. stock index futures following yesterday’s sharp selloff.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Grains mostly hold on to Tuesday gains in overnight trade

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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