Markets mostly lower on follow-through selling

Markets mostly lower on follow-through selling

Strong dollar a sign of caution this morning, (Audio)

Grain futures are mostly lower this morning, with more selling emerging on the heels of Tuesday’s big losses. Chart weakness is amplified by outside markets that are also in play. While crude oil waits for the latest inventory data, stocks were sharply lower around the world, sending investors into the dollar as Wall Street debates potential for the Federal Reserve to raise interest rates in June.

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

Overnight trade marches on with selling as grains, oilseeds slump.

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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