Markets mixed overnight on thin Easter Monday trade

Markets mixed overnight on thin Easter Monday trade

Soybean oil gains on new high in palm in slow holiday market. (Audio)

U.S. futures markets reopened as usual Sunday night, but trade remains on hold in Europe, where exchanges close for Easter Monday. Corn and soybeans are a little lower, though the soy complex is getting support from new highs in palm oil from Malaysia, where El Nino threatens production. More rain is headed towards the Delta over the next week, with fields north of I-80 also in line for precipitation.

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

Overnight trade soft on post Easter trading, European markets are closed today.

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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