Markets quiet, waiting for USDA data

Markets quiet, waiting for USDA data

South Korea buys more corn overnight while trade assesses wheat damage. (Audio)

Grain markets are trying to stabilize after selling on Thursday. Strong export business lends support to soybeans, though corn and wheat business remains somewhat subdued. Temperatures are warming a bit after this week’s wintery blast, which raised concerns about winterkill in soft red winter wheat.

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

Overnight trade looked to stabilize after selling on Thursday.

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.

TAGS: USDA Wheat
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