Grain futures pull back from extremes

Grain futures pull back from extremes

Corn and wheat pare losses while soybeans pull back from gains. (audio)

After a very volatile session on the heels of Thursday’s USDA reports, grain markets are quieting down a little Friday. Corn and wheat made new lows after the morning open but have bounced back a little, while soybeans faded after an early rally as they try to hold on to gains. A good jobs report for March helped the stock market turnaround but crude oil and gold are both slipping.

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

Grain markets are quieting down a little Friday.

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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