Grain futures drift lower

Grain futures drift lower

Yields in focus as Wall Street waits for jobs report. (Audio)

Grain markets are under a little pressure this morning, with light selling starting to emerge after markets opened in Europe. The trade is starting to talk about higher yields ahead of next week’s updated production estimate from USDA, while Wall Street waits for the September employment report, due out at 7:30 a.m.  CDT.

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

Outside factors weigh on 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.

TAGS: USDA
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