Markets Quiet On Countdown To Thursday's USDA Reports

Markets Quiet On Countdown To Thursday's USDA Reports

Grain futures consolidate above recent lows while outside markets remain calm. (Audio)

Futures markets can see plenty of wild trading, but overnight action was calm pretty much across the board. Grain traders are getting in position for tomorrow’s USDA reports, with a little demand news trickling into the market today on ethanol and exports. Financial markets are also quiet, as investors wait to see if diplomacy works in the dispute over chemical weapons in Syria.

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

ALL QUIET: Ahead of the report, and no other news to move the needle, overnight trade is quiet.

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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