Grain market extends gains

Grain market extends gains

Funds scramble to get out of bearish bets in commodities. (Audio report)

Grain futures are higher this morning, attracting follow-through buying after last week’s rally. Commodities in general are benefiting from fund buying, as investors take a more positive attitude towards the sector. Stock exchanges around the world started trade Sunday night with gains fueled by more buying in China, but that enthusiasm evaporated with the start of trading in Europe.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Fund buying drives markets higher in overnight trade, though Euro-trading shows some weakness this morning.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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