Grain Futures Drift Lower Overnight

Grain Futures Drift Lower Overnight

Mid-week storm could slow hedge pressure while market waits for Nov. 8 USDA reports (audio)

Prices are a little lower this morning, after ending Friday at key strikes as November options went off the board. Technical selling hurts soybeans a little, expectations of a huge crop hems in corn and wheat waits for more bullish news to resume its rally. Storms moving through the Midwest by mid-week could limit hedge pressure, which weighed on grain futures late in the session last week.

Listen to the conversation with Mick Kjar of Valley View Live TV in Fargo using the audio link on this page.

Mid-week storm could slow hedge pressure while market waits for Nov. 8 USDA reports

Bryce Knorr, Senior Editor, 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: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish