Grains ease overnight

Grains ease overnight

Rains slow harvest as Wall Street waits for Fed. (Audio)

Grain futures are modestly lower overnight, with reversals in the wheat market Tuesday generating some follow through buying. The government puts out its latest estimates of ethanol production this morning, amid worries about plant margins pressured by weak prices for DDGSs. By-products have been hurt by slowing exports and concerns China is cracking down on imports.

You can listen to Bryce's comments using the audio player below.

Overnight trade slides as the trade watches ethanol numbers, and Wall Street listens for news from the Fed.

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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

TAGS: USDA
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