Grain Futures Reverse Direction

Grain Futures Reverse Direction

Profit taking kicks in again overnight as Ukraine stands down from the brink (audio)

Monday's huge rally in wheat is looking like more of a one-off event as profit taking began to accelerate overnight. Tensions eased in the Ukraine crisis, though the statement between Russian and the West continues with a war of words. Traders are beginning to focus on the March 10 USDA report, though no major changes are expected from the government.

Listen to the report using the audio link on this page.

Profit taking kicks in again overnight as Ukraine stands down from the brink

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.

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