Grain Futures Firm Overnight

Grain Futures Firm Overnight

Flow of USDA data slowly resumes, showing good demand for U.S. crops. (Audio)

It’s not exactly business as usual yet for the grain trade, but markets are slowly returning to normal after the end of the government shutdown late last week. USDA reported good export sales on Friday – but the data was for the end of September. Updated crop ratings and progress are due out this afternoon, providing the only real feel for yields until the next monthly supply and demand report Nov. 8.

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

INFO FLOW: USDA info is trickling out and it looks like demand for US grain is solid.

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 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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