Markets mixed as crops look good

Markets mixed as crops look good

Drier weather could speed late planting amid more financial turbulence. (Audio)

Grain futures are mixed to mostly lower this morning. Corn and soybeans saw follow through selling overnight after USDA reported good planting progress, with corn ratings off to a good start. Forecasts for drier conditions over the next couple of weeks could help farmers catch up in wet states, with no heat in the outlook yet to cause trouble. Outside markets are another matter, however, with weak manufacturing data in Europe and China pressing stocks mostly lower overnight, taking crude oil lower too.

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

Good weather trims corn, soybean prices; global issues hinder other trade.

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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