Grain futures edge higher ahead of report

Grain futures edge higher ahead of report

Trade doesn't expect big changes from government this morning. (Audio)

Grain futures moved higher across the board overnight, with the market still focused for a few hours on the December supply and demand report from USDA, due out at 11 a.m. CT. The government normally doesn’t publish big changes to domestic carryout this month, so trading soon could hinge on outside markets. Stock index futures are higher after two days of heavy selling, with a weaker dollar lending support to gold and crude oil.

You can listen to Bryce's comments using the audio player below.

Markets await supply and demand report, but edge higher overnight.

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
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