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Grain Market Holds Firm

More jitters on Wall Street may not dent farm futures trade focused on USDA reports. (Audio)

Outside markets are showing more concerns about problems in Europe following this week’s debt debacle in Cyprus. But crop prices are holding their own, as traders focus exclusively on the numbers USDA releases Thursday on grain stocks and prospective plantings.

Farm Futures Senior Editor Bryce Knorr offers an early look at overnight trade. You can listen to his commentary  by clicking on the audio link on this page.

REPORT LOOMING: Europe may be having trouble, but traders apparently only have eyes for that USDA stocks and prospective plantings report.

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.

Check out a new free report that offers an in-depth look at Cover Crops: Best Management Practices. The 32-page report offers an in-depth look at this farm crop management enhancement.

TAGS: USDA Soybean
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