Futures weaken as bargain hunting dries up

Futures weaken as bargain hunting dries up

Another surge higher by dollar has markets focused on today's jobs report

The strong dollar is often blamed for hurting U.S. crop prices, but wheat futures are actually trying to hold despite another surge by the greenback today. Investors are betting the U.S. economy added more jobs in February, giving the Federal Reserve more confidence to start raising interest rates this summer.

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

Another surge higher by dollar has markets focused on today's jobs report

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.

TAGS: Market News
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