Grains sell off in broad market retreat

Grains sell off in broad market retreat

Rains should bring abrupt halt to field work after good week for planting. (Audio)

Markets are lower this morning, with everything from stocks to soybeans under pressure. Currency values continue to dominate the discussion after a meeting of G-7 finance ministers uncovered plenty of dissension on how best to stimulate the world economy. The dollar and yen are both stronger, a sign of risk aversion as money flows out of riskier assets and into safe havens. A good week for planting is coming to an end with a storm system moving across the Plains today, which should bring heavy precipitation to much of the Midwest this week.

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

Overnight trade slides on global currency worries.

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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