Markets Fight to End Week on Positive Note

Markets Fight to End Week on Positive Note

Selling begins to wind down a little overnight but still no firm confirmation of a seasonal bottom. (Audio)

Grain futures are mostly higher as the overnight session enters the home stretch, with a little strength in European wheat trade helping U.S. markets stabilize. With no weather threat in sight to corn and soybeans, new crop futures continue to lag. Financial markets are firm after yesterday’s move to new records on Wall Street, while investors wait for the latest jobs numbers, due at 7:30 Chicago time.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Selling begins to wind down a little overnight but still no firm confirmation of a seasonal bottom.

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.

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TAGS: USDA
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