Grain Futures Extend Recovery

Grain Futures Extend Recovery

Slow release of data keeps traders on edge. (Audio)

Grain traders are always wary of being blindsided by unexpected news, and markets currently are a minefield of numbers dribbling out from government agencies trying to get caught up after being shuttered earlier in October. While the Commodity Futures Trading Commission released data from Oct. 8 on Monday, USDA dumps three weeks of export sales reports on the market Thursday, with today’s meeting of the Federal Reserve also keeping the markets on edge as storms threaten to slow down harvest.

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

DATA DRIBBLES: Traders are cautious as USDA information slowly becomes public.

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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TAGS: USDA Soybean
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